Ally Financial has reached a deal with the DOJ to pay $52 million to resolve outstanding investigations and potential claims related to former subprime-lender ResCap LLC-issued MBS – WSJ and Law360
The Financial Stability Board—that Swiss-based grand collection of central bankers and regulators from the world’s biggest economies—has upped the systemic importance ranking for three of America’s biggest banks, including Citigroup, Bank of America, and Wells Fargo – NYTimes and Law360
If corporate tax cuts are coming in 2017 as expected, they likely won’t be confined to the US – WSJ
With the DOL’s adviser fiduciary rule seemingly up for debate in the new administration, the Times offers us this cautionary tale about brokers with disciplinary actions who have wreaked havoc in rural America – NYTimes
White Collar Watch has further unpacked last week’s kickback scheme-related charges against former Valeant and Philidor execs and asks whether Valeant—a fairly easy target for anger these days—was more of a victim than perpetrator in this particular instance – NYTimes
Amazon Prime’s next delivery may be live football with a side of baseball and basketball – WSJ
Auf wiedersehen, Jurgen. It was a bold move bringing you into the USMNT fold, but the results just weren’t there – NYTimes
