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The Thursday Express: North American financials


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The Thursday Express: North American financials

* BB&T, KeyCorp, Bank of New York Mellon, M&T Bank and People's United Financial are reporting their quarterly results today.

* New York Department of Financial Services Superintendent Maria Vullo took aim at the recent proposal from the OCC to create a national charter for fintech companies, saying that such an action could threaten consumers and encourage "too big to fail" institutions.

* U.K. Prime Minister Theresa May — who has said that Britain will seek to put transitional arrangements in place as it formally exits the European Union — will be addressing "a skeptical audience" at the World Economic Forum's annual meeting in Davos, Switzerland, today, Bloomberg News reports.

* Meanwhile, Goldman Sachs is mulling halving its London staff to 3,000 and shifting key operations to New York and continental Europe, particularly Frankfurt, where it could transfer up to 1,000 employees, according to Handelsblatt's financial sources.

* Goddard-Talmay Agency of Walled Lake, Mich., has merged with Lake Michigan Insurance Agency of Grand Rapids, Mich.

* OneBeacon Insurance Group is considering a sale, Bloomberg News' sources say.

* Bank of N.T. Butterfield & Son completed the orderly wind-down of its London-based private banking business.

* And SoFi is looking to "break into Australia's $1.5 trillion mortgage market." The Australian Financial Review carries a report on this.

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