Yesterday’s release of the Fed’s June minutes shows a governing body split on the important question of when to reduce its massive bond holdings (and worried about a too-low VIX) – NYTimes and WSJ and Bloomberg
The mobile millennial buyer has proven more open to ARMs than traditional mortgage-seekers. The Journal on how to make that gamble pay off – WSJ
The DOL went to bat for its controversial fiduciary rule in a 5th Circuit briefing this week, but it agreed to drop a prohibition on class-action waivers that was further ruffling feathers – Law360
In the battle for Worldpay, rival Vantiv has apparently bested JPMorgan with a 7.7 billion pound offer that would significantly expand Vantiv’s global footprint – NYTimes and WSJ and Law360
With Konica Minolta considering crossing into the health care field with the acquisition of testing company Ambry Genetics, we can only assume that the Swing Vision will now be able to diagnose far more than swing flaws – NYTimes
Just weeks after the securities fraud conviction of its former CFO, REIT American Realty Capital Partners is facing a fraud suit of its own from investors who allege that ARCP’s (now Vereit Inc.) misrepresentations misled them into purchasing swaps based on its common stock – Law360
Your Daily Dose Book Club selection this month—the tale of the DOJ’s near-complete failure to prosecute any corporate exec for the 2008 financial crisis—has a title not fit for the breakfast table. [So it’s probably a good one] – NYTimes
As a fair-skinned ginger, I’m emphatically endorsing this re-run of a 2016 Times piece on proper sunscreen etiquette. Come for the skin safety. Stay for the gallery at the end – NYTimes
