The U.S. Securities and Exchange Commission charged Canaccord Genuity LLC with allegedly enabling trading in multiple thinly traded securities without running a review required by federal securities laws
Registered investment adviser
Repay Holdings Corp. acquired TriSource Solutions LLC for up to $65 million, which comprised $60 million paid at closing and up to $5 million structured as a performance-based earn-out.
The Federal Housing Administration issued a final rule that would allow certain condominium units to be eligible for FHA mortgage insurance
In a letter to Federal Trade Commission
Morgan Stanley no longer wants to be involved in the IPO of WeWork Cos. Inc. parent The We Co. after WeWork rejected its bid to be the top underwriter, Bloomberg News reports, citing people with knowledge of the matter. JPMorgan Chase & Co. now leads the IPO
Nomura analysts say Goldman Sachs Group Inc. might stand to lose money in its credit card
In other parts of the world
Asia-Pacific: StanChart to boost Asia private banking; Blackstone eyes Anbang property assets
Europe: Deutsche chair hunts for successor; Rabobank profit drops; Aegon, NN results up
Middle East & Africa: Q2 profits rise at Israel's Leumi, Discount Bank; Namibia, Mozambique cut rates
Now featured on S&P Global Market Intelligence
3 severe enforcement actions handed out to US banks in June: During the second quarter, six severe enforcement actions were handed out to U.S. banks and thrifts by federal banking regulators, compared to six in the year-ago quarter and nine in the first quarter. Three of the second quarter's actions were given in June.
US banks closed a net 40 branches in July: U.S. banks and thrifts closed 105 branches and opened 65 during July, according to S&P Global Market Intelligence data.
Stieven Capital bets on KeyCorp in Q2'19: According to the firm's most recent Form 13F filing, Stieven opened seven new financial stock positions in the second quarter worth a combined $65.3 million as of June 30. Stieven's largest initiation, a $15.9 million stake in KeyCorp, became its 10th-largest holding at the end of June.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, Hang Seng rose 0.76% to 25,495.46, while the Nikkei 225 fell 1.21% to 20,405.65.
In Europe, around midday, the FTSE 100 fell 1.54% to 7,037.60, and the Euronext 100 dropped 1.36% to 1,010.86.
On the macro front
The jobless claims report, the Philadelphia Fed Business Outlook survey, the retail sales report, the Empire State manufacturing survey, the productivity and costs report, the industrial production report, the business inventories report, the housing market index, the EIA natural gas report, the treasury international capital report, 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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