Your daily dose of financial news - The Brief – 8.19.16

Robins Kaplan LLP

Yet more news that seems to suggest that Italy will be the epicenter of the next European (global?) economic crisis, with the Times reporting that Italian lenders keep lending to companies plagued by years of stagnation – NYTimes

Goldman’s new banking for the masses? Why, it’s Marcus – NYTimes

The Journal reports that big companies [banks included] are pouring more into dividends than at “any time since the financial crisis”—likely, a response to record-low bond yields that’s “put a  premium” on kicking back profits to shareholders – WSJ

Moody’s is asking an SDNY Judge to kick the final claim against it based on the information provided by whistleblower Ilya Kolchinsky that Moody’s “gamed its ratings of troubled mortgage securities” – Law360

A NY Fed analysis released yesterday offered some long-awaited good news for a broader US economic recovery, with employers adding nearly 2.3 million jobs in the middle-income category (30-60k) over the past 2 years—roughly 50% more growth than at the high and low end over the same period – NYTimes

Law360 takes a look at the insider-trading ramifications of the recent Sean Stewart conviction – Law360

Denmark’s famously generous social spending may soon force it to seek labor force help from a slightly unconventional [read non-human] source – Bloomberg

Frank Ocean’s visual album release last night just gave a little bit of hope to procrastinators all around the world – NYTimes

Have a great weekend.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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