Seventeen current and former Goldman Sachs Group Inc. employees, including Vice Chairman Richard Gnodde and former partner and now Alibaba Group Holding Ltd. President John Evans, have been criminally charged by the Malaysian government over their alleged links to the frauds committed in relation to the controversial state investment fund 1MDB
Big banks like Citigroup Inc., Bank of America Corp., Deutsche Bank AG, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co. have handed over to lawmakers and investigators documents on Russians
The U.S. Securities and Exchange Commission has laid out proposed amendments to modernize the description of business, legal proceedings and risk factor disclosures that registrants are required to make pursuant to Regulation S-K
The Financial Industry Regulatory Authority will give small firms with a clean record or no disciplinary problems less frequent regulatory examinations,
Sen. Elizabeth Warren, D-Mass., is demanding from Capital One Financial Corp. answers to questions about the recent data breach
Amir Zaidi
While paring down its trading division's workforce, Citigroup is now planning to hire senior dealmakers from Goldman Sachs and Deutsche Bank to boost its position in advising for tech mergers and IPOs, as well as in the healthcare sector, Bloomberg News reports. The bank reportedly began slashing its workforce in its trading division in a bid to cut losses and improve efficiency.
Ancora Advisors LLC, which owns a 5.52% stake in Middlefield Banc Corp., is pushing the Middlefield, Ohio-based bank to put itself up for sale
In other parts of the world
Asia-Pacific: Philippines cuts rates; APRA fines Westpac; AMP overhaul faces opposition
Europe: UniCredit chair dies; UBS eyes i-bank revamp; VTB posts profit
Middle East & Africa: Standard Bank eyes expansion; Consolidated Bank's rescue; Investec faces revolt
Now featured on S&P Global Market Intelligence
CECL delay's effect on balance sheets would split public US banks into 2 groups: The Financial Accounting Standards Board's plans to delay implementation of a new reserve methodology will create two separate operating environments for publicly traded banks, and that could create some confusion for investors evaluating bank balance sheets.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng was down 0.69% to 25,939.30, and the Nikkei 225 gained 0.44% to 20,684.82.
In Europe, around midday, the FTSE 100 was down 0.20% to 7,272.47, and the Euronext 100 slipped 0.74% to 1,042.14.
On the macro front
The producer price index for final demand and the Baker-Hughes Rig Count 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.
The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.
