What We're Following This Afternoon

Editor’s Note: This article previously appeared in a different format as part of The Atlantic’s Notes section, retired in 2021.

Panama Papers, cont’d: British Prime Minister David Cameron faced questions in Parliament today over revelations that he benefited from an offshore trust set up by his father. Cameron acknowledged that he mishandled questions about the trust, but said he was “angry about the way my father’s memory was being traduced.” Update: More here

Goldman Sachs settles investigation: The U.S. Justice Department says the financial giant will pay $5 billion to settle federal and state investigations into its sale of mortgage-backed securities before the 2008 financial crisis. Similar agreements have been struck between the Justice Department and JPMorgan Chase, Bank of America, Citigroup, and Morgan Stanley.

Tesla recalls Model X: Bloomberg is reporting that the SUV is being recalled because of an issue over the third-row seats. The voluntary recall affects 2,700 vehicles.

News from the morning here