Think you need to be in commodities or emerging markets to send ripples of fear through the markets these days?  Well how about one of the world’s biggest banks.  Because markets aren’t so hot on them right now, either – NYTimes and WSJ

That includes the Europeans, by the way – WSJ

Bana’s jumping on the “lack of liquidity” train to help explain the markets’ current tailspin – Bloomberg

NY bankruptcy judge Richard Sullivan has signed off on the $1.42 billion settlement between JPMorgan and what’s left of Lehman Brothers over transactions occurring in the days and weeks before Lehman’s cratering in 2008 – Law360

Allianz Global Investors has agreed to acquire Rogge Global Partners—a fixed-income London-based firm—for an undisclosed amount, boosting Allianz’ fixed-income business and expanding Rogge’s global reach – NYTimes

Like a happy warrior politician, the Fed may actually lack the ability to go negative [so says a 2010 memo, at least] – Bloomberg

The Department of Labor’s controversial retirement adviser fiduciary duty standard proposal is expected to shake-up the industry—including the popular but controversial variable annuity, which functions as a sort-of personal pension plan but is often criticized for its complexity and high annual fees – WSJ

MetLife’s SIFI battle is finally coming to a head, with the insurance giant due in court tomorrow to further its challenge of the Financial Stability Oversight Council’s designation – Law360

ICYMI, the Brits are voting soon (as early as June) on whether to leave the European Union.  Though some in London favor the Brexit, most financial players suggest that a departure would be a blow to the city’s role as a global financial center – NYTimes

The late night boys’ club got a welcome change of pace last night as Daily Show alum Samantha Bee debuted with her “Full Frontal” show last night on TBS – NYTimes