Your daily dose of financial news - The Brief – 8.25.16

Robins Kaplan LLP

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

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.

© Robins Kaplan LLP | Attorney Advertising

Written by:

Robins Kaplan LLP

Robins Kaplan LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.