Riding the wave of mobile ads and new-user growth, Facebook posted $2 billion in quarterly profits.  That’s a lot of new hoodies for Zuck – WSJ

The Times on the near inability of federal authorities to indict high-ranking bank officials over charges of fraud and other financial crimes – NYTimes

Lloyd’s Bank is cutting 3,000 jobs in yet another sign of Brexit fallout – NYTimes and Bloomberg

As expected the FOMC held steady on interest rates, but it also telegraphed a strong possibility of a coming 2016 rate hike based on an “upbeat assessment” of US economic conditions – NYTimes and WSJ and Bloomberg

A pair of whistleblowers is seeking discovery-related sanctions against Wells Fargo for allegedly concealing “crucial evidence” for their False Claims Act claims over fees added to government-backed mortgages – Law360

Here’s a much rosier take on the bond-yield curve [look outward!] – WSJ

The current state of Deutsche Bank: awfully troubled, but hanging on (if barely) – NYTimes and WSJ and Bloomberg

Getting rid of nagging DOJ-led RMBS litigation wouldn’t hurt (though it won’t help the bottom line at the moment) – Law360

Moet Hennessy Louis Vuitton was in the news recently for its rare move of divesting itself of a fashion brand.  The Journal has some background for us on the luxury conglomerate’s surprising success in these uncertain times – WSJ

What do you know.  A meme did some serious good in the world.  ICE BUCKETS ALL AROUND – NYTimes