Britain’s big Brexit vote is this Thursday. Expect to hear a few things about it this week – NYTimes and WSJ and Bloomberg
As expected, the SEC granted official approval to the IEX Group’s startup stock exchange with built-in delay became the US’s 13th official stock exchange – NYTimes and WSJ and Law360
Here’s a sign of the times, or at least, the changing tenor of banking in America. After years of exclusivity that saw it refusing customers with less than $10 million on hand, Goldman Sachs is opening itself up to common folk through its new GS Bank venture – NYTimes
So we mention Michael Milken and all of a sudden we see headlines that Junk bonds are back? Is this a secret Beetlejuice effect for bond markets that I’m just learning about now? – WSJ
The fallout from Visium’s insider-trading allegations has been swift and comprehensive. Just a week or so after acknowledging the charges, Visium announced it will wind itself down, selling and liquidating all of its funds in the process – NYTimes
More Fintech love, as bank account access firm Plaid has raised $44 million while pushing the idea of bridging the gap between banks and fintech startups – WSJ
This weekend’s Fair Game tackled CEO compensation and the often convoluted metrics companies use to benchmark comp for their top dogs – NYTimes
The DOJ has shut it down in its investigation of Countrywide co-founder Angelo Mozilo, “more than five years after [he] agreed to pay $67.5 million to settle with the U.S. Securities and Exchange Commission” – Law360
The CFTC has proposed rules for protecting the collateral underlying commodities futures and swaps for customers of banks that are part of so-called clearinghouses – WSJ
Ummm, if you’re a deliberately mysteriously named group (Decentralized Autonomous Organization) focusing on a groundbreaking community-driven plan (a crowdfunded venture capital fund) with a little-known cryptocurrency at its core (Ether), the absolute last thing you need is the cybertheft of over $50 million—a hack that could crater DAO entirely and that calls into question the future of digital currency altogether – NYTimes
Why is US GDP [and the US economy, for that matter] so sluggish—even after years of efforts by the Fed to juice it up? Upshot plays doctor and has 5 possible diagnoses – NYTimes
Those so inclined will undoubtedly be cheering the end of Cleveland’s 46-year basketball championship drought with the Cavs’ 93-89 win over the Golden State Warriors last night. Personally, I’ll be pouring one out for Dustin Johnson, who snapped his 0-28 majors streak with a big US Open win at Oakmont Country Club yesterday—suspect penalty stroke and all – NYTimes