JPMorgan Chase & Co., Capital One Financial Corp. and other unnamed big banks
Citigroup Inc., post-trade financial services company Depository Trust & Clearing Corp. and Switzerland-based Zurich Insurance Group AG are leading a consortium committed to develop a set of cybersecurity standards for financial technology
In an effort to turn around its commodities unit, Goldman Sachs Group Inc. is creating a new team called "commodity financial solutions," tasked to work with the company's investment banking teams to get more businesses from corporations, Reuters reports, citing an internal memo. Colleen Foster, global head of commodities sales, will lead the new team.
On the M&A
Asset management
In credit union
Federally insured credit unions posted total assets of $1.38 trillion in the last quarter of 2017, up by $86 billion from the the previous year, according to a report by the National Credit Union Administration. The largest credit unions in the U.S. — those with more than $1 billion in assets — held $875.6 billion in assets, or 64% of the total. This group also posted the highest growths in loans at 13.7%, membership at 9.0% and net worth at 11.4% when compared to peers in other asset size classes. In comparison, credit unions with less than $50 million in assets reported declines in loans, membership and net worth.
In de novo
U.S. online lender
In other parts of the world
Asia-Pacific: Indian central bank fines 2 lenders; Mega Financial posts FY'17 net income
Europe: UK fines, bans Deutsche Bank ex-trader; Bank of Ireland COO to leave
Middle East & Africa: Boursa Kuwait may launch IPO this year; Tunisia raises key rate
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng rose 2.09% to 30,510.73, and the Nikkei 225 climbed 1.79% to 21,417.76.
In Europe, around midday, the FTSE 100 gained 0.94% to 7,182.87, and the Euronext 100 rose 0.83% to 1,014.58.
On the macro front
The Redbook and the factory orders report are due out today.
The Daily Dose is updated as of 7:30 a.m. ET. Some external links may require a subscription.
