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The Tuesday Express: North American financials


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The Tuesday Express: North American financials

* Fifth Third Bancorp, Popular Inc., Travelers Companies and Janus Capital Group are reporting their quarterly results today.

* Wells Fargo charged its Los Angeles clients for extending their promised interest rate on loans when the bank was unable to process their mortgage applications on time, even when the delays were Wells Fargo's fault, ProPublica reports, citing four former employees of the bank.

* A U.S. judge denied Deutsche Bank's bid to dismiss a lawsuit launched by investors, including BlackRock and Pacific Investment Management Co., for losses on residential mortgage-backed securities, Reuters reports.

* Meanwhile, The Wall Street Journal's review of securities filings revealed that executives of big banks such as Morgan Stanley, JPMorgan Chase and Goldman Sachs sold nearly $100 million worth of stock after the presidential election.

* Pine Bluff, Ark.-based Simmons First National Corp. agreed to buy Fort Worth, Texas-based First Texas BHC in a cash-and-stock transaction valued at about $462 million.

* Also, Los Angeles-based Hope Bancorp entered into a stock-for-stock transaction to acquire Washington-based U & I Financial for approximately $48.8 million.

* Nashville, Tenn.-based Pinnacle Financial Partners priced its underwritten public offering of 2.8 million common shares at $62.50 apiece for aggregate gross proceeds of $175 million.

* The Doctors Co. appointed Bill Fleming COO, succeeding Rob Francis, who is leaving.

* Hiscox named Helen Cooper chief actuary, subject to regulatory approval.

* The U.K. Supreme Court ruled that the British government cannot trigger Article 50 to leave the European Union without an act of Parliament.

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