Your Daily Dose of Financial News

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Theranos founder and ex-CEO Elizabeth Holmes has been indicted on federal fraud charges along with former company president Ramesh Balwani.  The charges come three months after Holmes settled civil charges with the SEC – NYTimes and Law360

Mick Mulvaney’s extended stint as interim CFPB director is finally nearing an end. Next up for the agency if the White House has its way is budget office deputy Kathy Kraininger—an already controversial choice given her “inexperience in consumer and financial services issues” – NYTimes and Bloomberg

The Times profiles Kevin Johnson. No, not that KJ.  THAT KJ.  You know.  From Starbucks? Oh you don’t?  Well, with Howard Schultz heading out the door [again], Mr. Johnson may finally become a bit more of a household name – NYTimes

EU antitrust regulators have given their approval of Comcast’s $31 billion bid to purchase Sky PLC, only upping the pressure on Fox to sweeten its own proposal for the satellite TV giant – Law360

Whether the US and China follow through on their respective threats of billions in tariffs or not, the trade war threats are already taking a toll on the global economy – NYTimes

And then there’s Nafta . . .  – WSJ

Wells Fargo is still struggling to get itself off of the municipal bonds’ blacklist, more than 18 months after states and cities pulled their business after word of Wells’ sales-practices scandal emerged – WSJ

As if we don’t have enough to worry about these days, the Swiss-based Bank of International Settlements issued an opinion as part of its annual economic report citing “a range of shortcomings” with cryptocurrencies that “could break the internet” – Bloomberg

A deeper look at the history of Aramco and the changes it will have to make as the state-owned oil giant prepares for its still-impending IPO – NYTimes

And while we’re talking oil, OPEC’s facing challenges to its output curbing measures – Bloomberg

Citigroup has agreed to pay $100 million to 41 states and DC for years of alleged Libor rigging – Law360

Thought that you were a superfan? Well, maybe reconsider the depths of your devotion when compared to an entire country’s love of a national team that goes so deep that it caused something akin to a small earthquake this weekend – NYTimes

MDR

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