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Obama's Political Bank Run
How much money can the Obama Administration seize from banks before triggering a global financial panic? U.S. Department of Justice lawyers decided to find out by running a two-week experiment at Germany's Deutsche Bank.
Trump's unusual conflict: Millions in debts to German bank now facing ...  Washington Post
A Deutsche Bank settlement overshadows US equities  Reuters
Fox Business  
Illinois to Suspend Wells Fargo From Bond, Investing Work
Illinois is joining California in suspending Wells Fargo & Co. from handling “billions” of dollars in investment work and the underwriting of state debt after the company admitted to opening potentially millions of bogus customer accounts.
Worried about fake bank accounts in your name? Here's what you need to know  CNNMoney
Early movers: LXK, MKC, DB, COST, WFC & more  CNBC
Redstones Await Response From CBS on Merger Request
Viacom's independent committee is viewed as comprised largely of allies of Shari Redstone, who prevailed in a fight over Viacom's future this summer.
Can CBS And Viacom Investors See Eye-To-Eye On Merger Numbers?  Deadline
CA's Film and TV Tax Credits Scrutinized by Legislative Analyst's Office  Hollywood Reporter
Chinese billionaire Wang Jianlin makes aggressive moves in Hollywood
China's richest man, Wang Jianlin, has been on a buying spree in Hollywood. His media conglomerate, Dalian Wanda Group, has aggressively expanded into the U.S.
China's Box-Office Slump Deepens After Drought of Summer Hits  Bloomberg
China's richest man serves up global badminton deal  Reuters
DIARY-Top Economic Events to Oct. 14
MONDAY, OCTOBER 3 MADRID - Global Interdependence Center hosts "Central Banking Series 2016: Madrid" (to Oct. 4). Bank of France former Governor Christian Noyer to attend.
Dollar Heads for Quarterly Loss  Wall Street Journal
Yellen Can't Hide the Struggle Inside the Fed  Bloomberg
Warren questions Puerto Rico board's meeting on Wall Street
Puerto Rico's newly created fiscal control board met briefly in New York Friday for the first time. At the meeting, the seven-member panel set a Oct. 14 deadline for the island to produce a plan to fix its finances and named one of its members, Puerto ...
Historic takeover of Puerto Rico's finances, agencies begins  U.S. News & World Report
Puerto Rico board sets Oct. 14 date for draft turnaround plan  Reuters
Workers in small businesses will not get mandatory parental leave, after veto ...
Workers in small businesses will not get mandatory parental leave, after veto by Gov. Jerry Brown. (Vadim Ghirda / Associated Press).
California Gov. Jerry Brown vetoes bills seeking more accountability for ...  Washington Post
California governor OKs sex crime bill tied to Stanford case  WHIO
Chris Christie, Democrats Agree to Raise Gas Tax, Eliminate Estate Tax
TRENTON, N.J.—New Jersey drivers are about to see their traditionally low gasoline prices rise dramatically. Drivers filling up in New Jersey would have to pay 23 cents more per gallon under a deal reached Friday between Republican Gov.
NY / Region|New Jersey's Gas Tax to Rise 23� Under Deal  New York Times
Christie Proposes 23-Cent Gasoline Tax Increase for N.J.  Bloomberg
Why 1 million workers are getting paid sick leave: Op-Ed
Editor's note: Tom Perez is the U.S. Labor Secretary. Margot Dorfman is the CEO of the U.S. Women's Chamber of Commerce. The opinions expressed in this commentary are their own.
DOL: Paid Sick Leave for Workers on Federal Contracts  The National Law Review
The Right to Call In Sick  New York Times (blog)
China's yuan joins elite club of IMF reserve currencies
BEIJING Oct 1 China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.
Why the Yuan Still Has Long Way to Go to Supplant US Dollar  Wall Street Journal (blog)
IMF leader cites 'historic milestone' for China  U.S. News & World Report