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The Friday Express: DOL allows JPMorgan, Citi to continue managing pension plans

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The Friday Express: DOL allows JPMorgan, Citi to continue managing pension plans

* JPMorgan Chase, Citigroup and three other global banks which are all criminally convicted for market manipulation — were granted multi-year waivers by the Labor Department permitting their asset management units to continue managing pension plans and individual retirement accounts, The Wall Street Journal reports.

* Asset management firm Harbinger Capital Partners is seeking over $1.9 billion in damages against Apollo Global Management, accusing the latter of concealing severe material defects in SkyTerra's planned telecommunications network and leading Harbinger to buy Apollo's entire interest in SkyTerra.

* J. Mark McWatters, chairman of the National Credit Union Administration, is included in the shortlist of candidates for Consumer Financial Protection Bureau director, American Banker reports, citing "industry observers."

* The number of people enrolled in Affordable Care Act plans for the 2018 year has dropped to 8.7 million from the previously reported 8.8 million due to late cancellations, Reuters reports.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.