The proposal to return Freddie Mac and Fannie Mae to private shareholder ownership
Comptroller of the Currency Joseph Otting has set a tentative deadline for the proposal to overhaul the Community Reinvestment Act
Goldman Sachs Group Inc. is thinking of selling Safe-Guard Products International LLC, however, there is no certainty a deal will be announced, Reuters reports, citing sources familiar with the matter. The sale puts Safe-Guard at a valuation of more than $1 billion
Additionally, Goldman is looking to increase hiring in its trading division, Bloomberg News reports. The company is focusing on hiring coders
Sen. Elizabeth Warren, D-Mass., sent a letter to acting Wells Fargo & Co. CEO C. Allen Parker asking for information about reports that the company kept accounts active for months after customers closed them and charged those clients overdraft fees for charges made against the closed accounts. Warren mentioned the bank's 2016 fake accounts scandal and stated that despite Wells Fargo's assurances, it is still "fundamentally broken."
The U.S. Securities and Exchange Commission has approved the registration of California-based startup, Securitize Inc., as a transfer agent
The SEC also approved two new sets of guidance related to the regulation on the use of proxy advisory firms
The SEC also charged AOC Securities, a New York-based broker/dealer, and its former CEO, Ronaldo Gonzalez, for allegedly failing to supervise a broker who provided inflated price quotes to Premium Point Investments.
According to the recently released minutes of the Federal Reserve's July meeting, most central bank officials see the July 31 policy easing as a "mid-cycle adjustment"
In other parts of the world
Asia-Pacific: Goldman Sachs China JV; Ping An deal talks; Srisawad Finance fine
Europe: 'No deal' Brexit base case; BNP Paribas, HSBC, StanChart 'victims' of Huawei
Middle East & Africa: H1 profits fall at some of Angola's biggest banks; Zambia holds rate
Now featured on S&P Global Market Intelligence
Fast-growing Mutual of Omaha mortgage ops excluded from $1B CIT deal: A portion of the banking business that Mutual of Omaha Insurance effectively exited then re-entered stands as a notable exclusion from CIT Group's proposed $1 billion acquisition of Mutual of Omaha Bank.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, Hang Seng dropped 0.84% to 26,048.72, while the Nikkei 225 gained 0.05% to 20,628.01.
In Europe, around midday, the FTSE 100 fell 0.59% to 7,161.28, and the Euronext 100 was down 0.39% to 1,050.52.
On the macro front
The jobless claims report, the PMI composite FLASH report, the leading indicators 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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