Wells Fargo & Co. and Toronto-Dominion Bank have handed over President Donald Trump's financial records
Also, U.S. District Judge Edgardo Ramos junked Trump's preliminary
Minutes of the Federal Open Market Committee meeting held April 30 and May 1 reveal that there is a split among Federal Reserve officials regarding how concerned they should be about inflation
The Federal Deposit Insurance Corp. settled a lawsuit with payday lenders
Dallas Tonsager, who has been chairman of the Farm Credit Administration since 2016, died May 21 of lymphoma. Board member Jeff Hall, who was named acting CEO on May 20, will also take over as chairman until a replacement is announced. The next chairman will be named by Trump.
In other parts of the world
Asia Pacific: ICBC gets nod to set up unit; 5 face charges for Bangladesh Bank heist
Europe: Generali eyes MetLife assets; N26 told to boost AML controls; Deutsche in focus
Middle East & Africa: Zambia central bank hikes key rate; Kenyan banks post Q1 results
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Senate Republicans introduce bill to 'stop and study' CECL: Five senators, led by Thom Tillis, R-N.C., introduced a bill that would require the Securities and Exchange Commission and seven other financial regulators to delay the current expected credit loss, or CECL, accounting standard until they complete a study of its economic effects.
Community bankers tell regulators they want more access to brokered deposits: The Federal Deposit Insurance Corp. is reviewing brokered deposits, and in comment letters community bankers asked the agency to make the funding source more accessible.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, Hang Seng fell 1.58% to 27,267.13, while the Nikkei 225 was down 0.62% to 21,151.14.
In Europe, around midday, the FTSE 100 was down 1.35% to 7,235.19, and the Euronext 100 decreased 1.45% to 1,033.16.
On the macro front
The jobless claims report, the PMI Composite FLASH index, the new home sales report, the EIA natural gas report, the Kansas City Fed Manufacturing index, the Fed balance sheet and the money supply report are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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