Hoplite Capital founder, John Lykouretzos, wrote to investors informing them that the hedge fund
The New York State Department of Financial Services is leading a multistate probe on the payroll advance industry
The U.S. Securities and Exchange Commission might give U.S. brokers an extension to their 30-month grace period to comply with MiFID II,
Boston-based financial services firm Fidelity Investments is now automatically directing investors' cash into higher yielding options available for brokerage and retirement accounts. The new measure runs counter to the usual practice of defaulting customers' cash into a low-yielding product.
The New Jersey Bureau of Securities ordered two online cryptocurrency promoters, Zoptax LLC and Unocall, to stop offering unregistered securities in the state. The emergency orders were part of "Operation Cryptosweep
Investors are showing signs of doubt in relation to ratings for corporate and government bonds, The Wall Street Journal reports. The news outlet's analysis points to a tendency of some rating agencies to give inflated bond ratings
The Federal Reserve Bank of New York is reorganizing its markets division following the departure of its former head, Simon Potter
Chicago Fed President Charles Evans thinks the central bank should allow at least one more rate cut
In other parts of the world
Asia-Pacific: AMP revives life insurer sale; rate cuts across APAC; Pakistan halts India trade
Europe: Aviva, Zurich Insurance H1 profits up; RBI result down; former HSBC exec fined
Middle East & Africa: Bank ABC sees Q2 profit dip; Investec's asset management spinoff set for Q1'20
Now featured on S&P Global Market Intelligence
Chicago a banking buyer's market with 'pent-up demand' for M&A among sellers: Chicago remains one of the most fragmented banking marketplaces in the U.S., even though banks have been consolidating there at a rapid pace in recent years.
US banks trading at lowest price-to-adjusted tangible book value in July: The largest U.S. public bank stocks carried the sector to a market-beating performance in July, but several banks are still trading at a substantial discount to tangible book value.
Trading activity drops at major online brokers in June: Trading activity declined at major online brokerages in June. Daily average revenue trades at Interactive Brokers Group dropped by 87,000 to 807,000 in June, while DARTs at TD Ameritrade Holding fell by 72,000 to 791,000.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, Hang Seng rose 0.48% to 26,120.77, while the Nikkei 225 was up 0.37% to 20,593.35.
In Europe, around midday, the FTSE 100 rose 0.17% to 7,211.10, and the Euronext 100 gained 1.19% to 1,041.22.
On the macro front
The jobless claims report, the Wholesale trade report, the EIA natural gas report, the Fed balance sheet and the money supply report 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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