Your daily dose of financial news - The Brief – 10.4.16

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Bass Pro Shops have agreed to acquire rival outdoor outfitter Cabela’s in deal valued at $5.5 billion – NYTimes and WSJ

Streetwise steps back from the pummeling Deutsche Bank’s been taking in recent weeks to point out that the handful of basic explanations for what’s ailing the German bank are present at all of DB’s global peers, too – WSJ

Dealbook’s White Collar Watch on Och-Ziff’s $400 million in fines to US regulators and why that could be the tip of the regulatory iceberg – NYTimes

Illinois is following California’s lead and suspending the state’s investment activity with Wells Fargo – WSJ

Will  Morgan Stanley be next? – Bloomberg

RBS has agreed to pay $120 million to settle an investigation by the state of Connecticut into the bank’s RMBS underwriting in the years leading up to the 2008 financial crisis – Law360

More on Henderson’s move to snap up Janus, an apparent deal to help the big hedge funds compete with low-cost competitors that have grown in popularity in recent years – WSJ

JPMorgan’s “twist” on a blockchain-backed, bitcoin-style network involves using the publicly available system for confidential transactions.  Keep an eye out for Quorum [and its shot in the arm for Ethereum] – WSJ

The Journal gives us a closer look at Italy’s Monte dei Paschi—the world’s oldest bank (founded in 1472)—that’s deeply tied to Siena and that’s threatening to drag the whole of the region’s economy down with it if it fails, as some expect it will – WSJ

If NYC follows the way of Barcelona and its urban design path, pedestrian-friendly “superilles” (or “superblocks,” in English) may be in its future – NYTimes

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.

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