Somewhere, an algorithm read the coverage of yesterday's Senate Banking Committee hearing on high-frequency trading, and figured it will take years for the government to hammer out reforms to fix market structure issues.

Stephen Morse, the Barclays executive who ignored employees' warnings that the bank was manipulating its Libor submissions, has been sitting out the ensuing scandal from his post as head of compliance at TD Bank.

The Federal Energy Regulatory Commission said it may suspend JPMorgan's energy trading business for failing to comply with requests for information about the firm's trading profits, Bloomberg reports.

The Securities and Exchange Commission is scrutinizing whether private equity firms are taking more profits than they should, or taking profits too soon. The agency received increased authority over private money managers under Dodd-Frank.

The federal government's mortgage task force, co-headed by New York Attorney General Eric Schneiderman, is getting ready to do ... something?

More than 100 lawmakers have lobbied federal authorities on the implementation of Dodd-Frank, according to The New York Times.

Madoff trustee Irving Picard put checks in the mail yesterday—$2.5 billion in payments to thousands of investors duped by the Ponzi schemer.

Does anyone want to bail out Greece (again)?

Youth unemployment is also on the rise in prosperous northern Europe.

A Brazilian official said that the Federal Reserve's new bond-buying program would set off currency wars—Business Insider explains.

Nomura is eliminating four of 12 investment banking jobs in Dubai, according to Bloomberg, on the heels of the decision to dump a London-based prop trading team.

Britain is considering whether it really wants to be known as the "divorce capital of the world." That means, the Ministry of Justice is reviewing court standards that favor the less-wealthy spouse in split-ups.

Are you reading this from Jeffrey Gundlach's Porsche Carrera 4S? Would you like to make a deal?