Details from the Fed’s June minutes, including a rather prescient take on the Brexit situation – NYTimes and WSJ and Bloomberg
Disgraced Wall Street scion Andrew Casperson has pleaded guilty to federal wire and security fraud charges related to his Ponzi-like scheme in which he bilked nearly $40 million from friends and a private foundation – NYTimes and WSJ and Law360
A NY state appellate court will allow RMBS investors to proceed with claims against trustee BNY Mellon for its alleged failure to keep proper records in breach of its contract, fiduciary duty, and duty of care owed to investors – Law360
That run on sovereign debt that’s driven government bond yields near 0 (and below) isn’t just the result of desperate investors; central banks are doing more than their fair share by snapping up safe-haven bonds – WSJ
French yogurt powerhouse Danone (it sells Evian water, too) is poised to increase its US profile [and achieve some serious non-dairy diversification] with a $10 billion cash acquisition of WhiteWave Foods Co., a Denver-based operation that specializes in organic products and plant-based alternatives to milk and yogurt – NYTimes and WSJ
The UK property fund freeze keeps spreading, with three more funds—Columbia Threadneedle, Henderson Global, and Canada Life—putting their investors’ withdrawals on ice in the aftermath of the Brexit vote – NYTimes
It’s Big Billy Gross investment letter time again, and BBG’s obligatory childhood memory forced into modern-day economic relevance this time around involves Monopoly. Enjoy – WSJ and Bloomberg
The EU’s passed its first-ever cybersecurity rules, which are “poised to establish the first set of baseline cybersecurity and breach reporting obligations in the European Union for companies supplying essential services in industries such as energy, transportation, banking and health, as well as in digital mediums such as search engines and cloud computing” – Law360
Soooo, you’re a casino and you’re facing the same problem every other big business is: how to attract those pesky millennials. The solution? Video games, of course – NYTimes
