We’re getting more details from the trenches at Wells Fargo, where execs warned workers against creating sham accounts back in 2014 but apparently had trouble seeing that message through to practice – NYTimes and WSJ
Meanwhile, William Cohan’s looking at the sheer size of the scandal [5300 employees and managers fired] and thinks that Wells may be dealing with a “poisonous culture” – NYTimes
The House is launching an investigation to find out – Law360
The good news? The US economy’s at or close to full employment. The bad news? The Fed’s not entirely sure what to do next (and when). So good luck there – WSJ
Gretchen Morgenson and Fair Game have had a few days to reflect on the Bayer/Monsanto deal, and with that little bit of hindsight (and a lot of history), she’s not too sure that Bayer’s stockholders are going to be thrilled in the long run – NYTimes
Finra’s got an interesting little internal battle going on as an incumbent and upstart challenger vie for a seat on the front-line stockbroker regulator’s board – WSJ
High Frequency Trading and the perhaps counterintuitive power of the human gut – NYTimes
We saw Deutsche Bank quickly shake its head “no” at the DOJ’s $14 billion MBS-related settlement overture. But Breakingviews says that Deutsche Bank’s recent struggles give the government some leverage during negotiations to which it’s not usually accustomed – NYTimes
The popularity growth of prepaid cards (which began as simple gift cards from retail stores) has caught the eye of federal regulators—including the CFPB—who are looking for more detail on fees and easier access to account information – WSJ
I joined a bunch of the country in watching the Vikings and Pack officially open up US Bank Stadium last night. I did so on NBC, though based on game 1 of the Twitter/NFL experiment, I may be turning to my phone for that action sooner than expected – WSJ