Your Daily Dose of Financial News


Big American banks (BofA, Citi, Morgan Stanley) are avoiding deals with Chinese conglomerate HNA Group over concerns regarding HNA’s debt level and ownership structure – Bloomberg and NYTimes

In the battle between Morgan Stanley and Goldman Sachs, James Gorman’s efforts to diversify have helped his firm (MS) leave Goldman in the dust – NYTimes and WSJ

The 2d Circuit has overturned a pair of Libor-manipulation convictions of two former Rabobank employees based on what it found to be improperly compelled testimony—a no-no in the US criminal system, even if legal under foreign law – Law360 and NYTimes

Inflation is still bedeviling the Fed, and there don’t appear to be any easy fixes left – WSJ

Telecom billionaire John Malone is expressing interest in Univision, and the Malone-backed Discovery Communications has held merger discussions with Scripps Networks Interactive. In short, media mergers are all the rage, and Malone’s at the heart of a bunch of them – NYTimes and WSJ

Acting OCC chief Keith Norieka is officially on record in support of his agency’s controversial fintech charter efforts – Law360

Jana’s out at Whole Foods – WSJ and Bloomberg

Citi’s reportedly chosen Frankfurt as its post-Brexit European trading hub – NYTimes

Could Y2K prep help us tackle climate change? The Times’ tech guru thinks there are lessons to learn there – NYTimes

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