$$$ Exclusive: EU to fine Deutsche, JPMorgan and others in rate probe – source [Reuters]

$$$ ECB Faces Heat Over Low Inflation [WSJ]

$$$ Apollo Said to Seek Increasing Fund Size to $17.5 Billion [Bloomberg]

$$$ Proposed Rule Limits Size of Commodities Traders’ Positions [Dealbook]

$$$ Toronto Mayor Rob Ford said on Tuesday that he has smoked crack cocaine, confirming reports that have dogged the leader of Canada’s largest city for months but not likely ending the headline-grabbing saga. Mr. Ford apologized for his actions at a news conference, but said he wouldn’t resign. He earlier told reporters that he smoked the drug “about” a year ago when he was “in one of my drunken stupors.” …as Mr. Ford was making his admission on Tuesday, his brother was comparing the intense scrutiny he has received to that of the late Princess Diana during a speech at a local journalism school, students said over the messaging service Twitter. [WSJ]

$$$ Julian Robertson offshoot crushed by rising market [NetNet]

$$$ Madoff Secretary Saw ‘Smug’ IT Guys After Private Meeting [Bloomberg]

$$$ James Dolan Wants the Knicks City Dancers to Be Classier [DI]