Monday, September 11

ByKevin Sheekey

Here’s a selection of stories worth reading today:

Media accounts of the record-breaking storm have focused largely on Florida, but comparably little attention has been paid the status of people and devastation in the USVI, which felt Irma as a Category 5 hurricane. After Hurricane Irma, U.S. Virgin Islands Residents Feel Forgotten (Mashable)

Brussels shows no interest in finding “long-term solutions” to Brexit and could ignore the interests of European Union business. Leaked Memo From City’s Brexit Envoy Reveals ‘sobering’ Analysis of EU Stance (The Telegraph)

London retained its crown as the world’s top financial center in a ranking that surveys industry professionals, extending its lead over New York and Hong Kong. London Still Tops Financial Centers Despite Brexit, Survey Says (Bloomberg)

Several banks, including BBVA, NatWest, Credit Suisse, ING and Daiwa, are preparing to provide some or all of their fixed income research for free, while others–particularly US banks–say that making research available for free could be risky and does not make commercial sense. Investment Banks to Clash Over Mifid II Rules on Free Research (Financial Times)

Upstart exchange IEX is going after the listings business of the New York Stock Exchange and Nasdaq. America’s Newest Stock Exchange is Gunning for NYSE and Nasdaq’s Marquee Business (Business Insider)

Outrage over the incident, and ensuing confusion, is building quickly. Hurricane Equifax Is a Category 5 Breach (Bloomberg)
Bloomberg was first to report the means used by hackers to infiltrate Equifax, as well as a report that three Equifax executives sold stock before the cyber hack was revealed. 

After Rafael Nadal won his 16th Grand Slam title at the 2017 U.S. Open, we’re no closer to the answer—in fact, we’re probably further away. Who is the Greatest of All Time in men’s tennis?  (ESPN)

Most emailed on the Terminal (Last 24 Hours): China Latest Bond Default Is a Cautionary Tale for Investors (Bloomberg)

On this day in 2001 at 8:46 a.m., five hijackers crashed AA Flight 11 into the North Tower of the World Trade Center, and at 9:03 a.m., another five hijackers crashed UA Flight 175 into the the South Tower. Never forget.

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