PE HUB First Read

CYBG is buying Virgin Money to create Britain’s sixth-largest bank by assets.

A million people in India are testing WhatsApp payment services.

File-sharing pioneer BitTorrent Inc has been sold to blockchain entrepreneur Justin Sun.

Google is investing $550 million in Chinese e-commerce company

Massive jumping in Mexico after the winning goal by Hirving Lozano during the World Cup caused a small, artificial earthquake.

Subway has hired consultant Bain & Co to professionalize operations and possibly set itself up for a future sale.

Elizabeth Holmes, the founder of Theranos, is stepping down as CEO after she and the company’s ex-president Ramesh Balwani have been hit with federal criminal wire fraud charges.

LyondellBasell is in exclusive talks to acquire control of Braskem

Adobe could be the next $10 billion software company.

Citibank is fined $100 million for interest rate manipulation.

Merrill Lynch considers lifting ban on commission-based retirement accounts.