Investors’ decreasing appetite for actively managed mutual funds appears to have helped drive the major shake-up at AllianceBernstein Holding, which said so long to CEO Peter Kraus and removed nine board members in favor of 6 new ones – NYTimes and WSJ

Mutual funds aren’t alone, either.  Hedge funds have seen investors pull money in recent years, too, and John Paulson’s Paulson & Co—down $26 billion in assets under management from just six years ago—is emblematic of the changing investment landscape – NYTimes

Goldman Sachs’ bold new strategy to grow its business beyond its “elite Wall Street turf” includes, wait for it, old-fashioned lending. Could be an interesting ride for an institution not exactly known for the common touch – WSJ

The High Court ruled yesterday that the City of Miami may sue Bank of America and Wells Fargo under the Fair Housing Act of 1968 over alleged predatory lending practices – NYTimes and Law360

UBS is set to pay $445 million to the NCUA to resolve toxic RMBS-related claims at the heart of a five-year battle in Kansas federal court – Law360

Already embattled Barclays CEO Jes Staley finds himself in the middle of a dustup with KKR, and it’s not helping his cause to remain at the helm – WSJ

The administration is poised to replace OCC Chief Thomas Curry in the coming days, setting in motion one of its biggest financial regulatory moves to date – WSJ

Some offhand White House remarks about breaking up the nation’s biggest banks sent chills through Wall Street yesterday and prompted Andrew Ross Sorkin to take to the keyboard to talk everyone off the ledge.  Well, sort of – NYTimes [and Bloomberg]

It’s not exactly Jane Jacobs-approved reasoning, but the CEO for the National Trust for Historic Preservation makes a pretty solid case for using historic preservation as a means of economic development – Marketplace