Thursday, September 7
Here’s a selection of stories worth reading today:
Asset managers are starting to show their hand on absorbing costs of research post-MiFID. Fund Managers Mostly Taking Hit on MiFID Research Costs (Bloomberg)
Regulatory scrutiny, low volatility and curbs on proprietary trading affecting commodities revenue at the top 12 banks. Major Banks’ Commodities Revenue Sinks to 11 Year Low (Bloomberg)
One more casualty of Charlottesville. President Trump Unlikely to Nominate Gary Cohn to Become Fed Chairman (Wall Street Journal)
Facebook reveals $100,000 in ads on its network tied to divisive issues during US election. Facebook Found US Election Ad Spending Connected to Russia Accounts (Bloomberg)
CNN summarizes Hillary Clinton’s upcoming book after buying an advance copy. Defiant Clinton Aims to Explain Loss in New Book (CNN)
Most Read on the Terminal (Last 8 Hours):
Draghi Kicks Off QE Exit Debate He Has Long Sought to Avoid (Bloomberg)
Tweet of the day:
@MikeBloomberg: Gerrymandering undermines democracy. It’s good to see leaders in both parties speak out against it.
On Sale Now: Available on Amazon, a new book by Chris McNickle on the bipartisan legacy of a remarkable billionaire politician. Bloomberg: A Billionaire’s Ambition
Thanks for reading!
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