The Nigerian government filed a lawsuit against JPMorgan Chase & Co. demanding $875 million, for allegedly aiding a convicted money launderer in an illegal oil deal, The Times in U.K. reports. Nigerian authorities claim that the bank
M&T Bank Corp. Chairman and CEO Robert Wilmers died unexpectedly late Saturday night. He was 83. The board has named lead outside director Robert Brady nonexecutive chairman, effective immediately. Vice Chairmen Richard Gold, René Jones and Kevin Pearson maintain responsibility for the bank's day-to-day operations.
The OCC has shuttered Chicago-based Washington Federal Bank for Savings. The bank is the eighth bank to fail in the U.S. this year. Chicago-based Royal Savings Bank will assume the insured deposits of the failed bank.
In the asset management
And CME Group Inc. is launching its own bitcoin futures contracts
In other parts of the world
Asia Pacific: ANZ to buy back up to A$1.5B of shares; ICICI Securities files for IPO
Europe: Fitch upgrades Portugal, Ireland; France eyes cap on banks' corporate exposures
Middle East & Africa: South Africa's ANC to have new leader; Arab Bank chair released from detention
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng was up 0.70% to 29050.41. The Nikkei 225 rose 1.55% to 22,901.77.
In Europe as of midday, the FTSE 100 was up 0.45% to 7,524.25, and the Euronext 100 improved 1.11% to 1,049.76.
On the macro front
The National Association of Home Builders' housing market index is due out today.
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