Your daily dose of financial news - The Brief – 8.25.16

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US regulators are “ramping up oversight” of Swift—the financial messaging system used throughout global finance that’s been a key conduit for hackers in recent attacks of Bangladeshi and Ecuadorian banks – WSJ

Dealbook’s Street Scene takes a closer look at Goldman’s decision to eschew its ultra-elite approach and focus on mere mortals with its “Marcus” online lending business and GS Bank ventures [spoiler alert, it’s all about new sources of profitability] – NYTimes

The SEC’s charged 71 municipal bond issuers for “misleading investors through false or incomplete disclosures” under the agency’s Municipal Continuing Disclosure Cooperative – Law360

We’ve discussed mobile peer-to-peer payments here before and the fits applications enabling these transactions have been giving the big banks. Their [belated] answer is “Zelle” [not, by the way, a certain local law firm] – WSJ

And thus, inevitably, hackers are increasingly looking to phones to hack into consumer bank accounts – WSJ

The Fed’s gearing up for its annual Jackson Hole conference, which kicks off tomorrow, and it’s saved protesters some of the trouble of causing a ruckus by just going ahead and putting them on the official schedule – NYTimes

On the perils of turning over our economy to algorithms, from a woman who would know – Bloomberg

Uber’s making retirement plans (in the form of IRAs, at least—not 401ks) a new feature of the gig economy – NYTimes

Proxima b as Earth II? It’s a bit of a stretch, but it does appear to be in the Goldilocks zone, and at a mere 25 trillion miles away, it’s “extremely close in cosmic terms.”   All good to know when our sun starts to burn out in 5 billion years – NYTimes and WSJ

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