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A Piece of Carl Icahn’s Mind Is a Terrible Thing to Waste

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Carl Icahn Gives The Times A Piece Of His Mind (DealBreaker)

Jennifer Hill, a top executive at the Royal Bank of Scotland and a former Goldman Sachs managing director, will soon be the chief financial officer for Bank of America Merrill Lynch’s investment bank (DealBook)

Predicting the Raj verdicts (Business Insider) Courtney Comstock thinks Raj will be found guilty in 10 of the 14 different instances of allegedly criminal trading.

Would ‘ringfencing’ investment banks work? (Economics of Contempt) Sheila Bair floats an alternative to resolution authority.

The Common-Sense Case for Pacifism (Bryan Caplan) It works better than all the alternatives.

The tiny cat-bond market (Felix Salmon) Meow? Apparently this isn’t about felines at all.