Citigroup Inc. is so far the only major U.S. bank that has become a part of a group of 130 banks that agreed to adopt the United Nations-backed Principles for Responsible
In a statement to Bloomberg News, Goldman Sachs Group Inc., which did not commit to the PRB, said it was working on several target-related efforts similar to the PRB. And Wells Fargo & Co. said it was making efforts toward achieving goals it had set in 2016 to address social, economic and environmental challenges over a five-year period. Other big U.S. banks — JPMorgan Chase & Co., Bank of America Corp. and Morgan Stanley — declined to comment to the news outlet.
Tupelo, Miss.-based BancorpSouth Bank agreed to acquire
The House Financial Services Committee approved legislation that will require public companies to disclose environmental, social and governance metrics and the effect they have on their long-term business strategy, Pensions & Investments reports. H.R. 4329, the ESG Disclosure Simplification Act of 2019, would also establish a Sustainable Finance Advisory Committee at the U.S. Securities and Exchange Commission that will recommend the types of ESG disclosure
Rep. Ed Perlmutter, D-Colo., expanded the Secure and Fair Enforcement Banking Act, or SAFE Banking Act of 2019
IEX Group Inc. has decided to exit its listings business
Citigroup recently dismissed many of its research analysts in London, Moscow, Dubai, Latin America, New York and San Francisco as the banking giant looks to cut about 400 employees from its trading division, according to a Bloomberg News report. The job cuts
A new report published by the Bank for International Settlements indicates that the world's largest, most complex and interconnected banks have become less systemically important relative to peers. Researchers used the Basel Committee on Banking Supervision's framework for identifying global systemically important banks
At an event at the Federal Reserve Bank of New York today, U.S. Treasury Department's Deputy Secretary Justin Muzinich is expected to unveil a plan to publicly release data on Treasuries trading
The SEC fined The Bancorp Inc. $1.4 million in a settlement
In other parts of the world
Asia-Pacific: China sovereign fund posts FY'18 loss; NAB chief to start in December
Europe: Commerzbank job cuts; Deutsche, BNP ink equities deal; UniCredit names chair
Middle East & Africa: Investec warns of lower fiscal H1 profit; US sanctions Iran's central bank
Now featured on S&P Global Market Intelligence
Community banks hustling to gain customers, talent from BB&T-SunTrust merger: Community banks overlapping with SunTrust Banks Inc. and BB&T Corp.'s footprints are working hard to gain talent and clients from the combined Truist entity. At the Janney Community Bank CEO Forum in Atlanta, community banks said their relationship-focused business models are helping them gain customers and employees in the wake of the merger, the largest in years.
Clarida: Fed going 'one meeting at a time,' divisions over next steps healthy: Fed Vice Chairman Richard Clarida said the Federal Reserve is taking its upcoming interest rate decisions "one meeting at a time," and the disagreements within the central bank about the outlook are healthy.
Home equity loans decrease nearly 8% YOY in Q2, while credit quality improves: Home equity lines of credit and junior liens at U.S. banks and thrifts in the second quarter declined 1.8% from the linked quarter and 7.8% from the 2018 period to $402.23 billion.
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng declined 0.81% to 26,222.40.
In Europe, around midday, the FTSE 100 was down 0.53% to 7,305.56, and the Euronext 100 was down 0.86% to 1,089.26.
On the macro front
The Chicago Fed National Activity Index and the PMI Composite Flash 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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