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The Thursday Express: FDIC sues 16 banks over Doral Bank failure

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The Thursday Express: FDIC sues 16 banks over Doral Bank failure

* Canadian Imperial Bank of Commerce reported net income attributable to common shares of C$1.31 billion in the fiscal first quarter of 2018. This was lower than the year-ago figure of C$1.39 billion.

* The SEC approved the statement and interpretive guidance on disclosures of public companies' cybersecurity risks and incidents.

* Also, the agency sued a former bitcoin-denominated platform and its operator with operating an unregistered securities exchange and defrauding users of that exchange.

* In his speech, Federal Reserve Vice Chairman for Supervision Randal Quarles said that the U.S. economy is "in the best shape that it has been in since the crisis and, by many metrics, since well before the crisis."

* The FDIC is suing several banks, including Bank of America, JPMorgan Chase, Citibank and Royal Bank of Canada, in an attempt to recoup the losses from Doral Bank's failure.

* Bank of America extended the lease on its London headquarters until 2032, while Northern Trust is looking for a new London base as its current lease expires in 2022, according to Bloomberg News.

* In his letter to Senate Finance Committee Chairman Orrin Hatch, R-Utah, Independent Community Bankers of America President and CEO Camden Fine is urging the committee to examine the evolution of the credit union industry and discuss the threat it poses to American tax base.

* First Citizens BancShares filed a complaint against KS Bancorp and its board in an attempt to terminate the latter's 10-year shareholder plan, which it described as discriminatory.

* Johnson Investment Counsel has bought Riazzi Asset Management, the Dayton Business Journal reports.

* And the total annuity sales in 2017 decreased 8% to $203.5 billion, compared to 2016, according to LIMRA Secure Retirement Institute's Fourth Quarter 2017 U.S. Individual Annuity Sales Survey.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.