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In This List

Monday Express: Libra loses Mastercard, Visa support; Calif. CUs call off deal

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Fed Poised To Relax Key Rules For Large Banks


Monday Express: Libra loses Mastercard, Visa support; Calif. CUs call off deal

* Mastercard, Visa, Stripe and eBay pulled out of Facebook's Libra project soon after PayPal's decision to leave the digital coin initiative. Representatives of the three payment processors said that while the firms have decided to depart from the Libra Association at the moment, they will continue to monitor the effort and evaluate participation.

* The U.K.'s Financial Conduct Authority is examining allegations of precious metals market manipulation by certain JPMorgan Chase traders following a U.S. probe on a similar matter, sources told Reuters.

* David Gurle, CEO of Symphony Communication Services, said the Goldman Sachs-backed messaging platform will not become public until it becomes profitable, Financial Times reports. Symphony, which has received funding from major investment banks, is valued at $1.4 billion after its latest funding round but has failed to accomplish its goal of reducing traders' dependence on Bloomberg terminals.

* Blackstone Group is looking to acquire a stake in Citadel's hedge fund arm and securities trading unit, The Wall Street Journal reports. A Blackstone spokeswoman, however, told the WSJ that the company is not in any such deal talks with Citadel.

* California-based credit unions Ventura County CU and LA Financial FCU ended their previously announced merger proposal.

* The U.S. Securities and Exchange Commission filed an emergency action and secured a restraining order to pause messaging app Telegram Group's planned U.S. digital token offering of more than $1.7 billion.

* The U.S. Commodity Futures Trading Commission, the Financial Crimes Enforcement Network and the SEC issued a joint statement to remind firms with registered digital assets of their anti-money laundering and countering the financing of terrorism obligations under the Bank Secrecy Act.

* Federal Reserve of Boston President Eric Rosengren stood by his stance on interest rates, saying he does not see a need for lower rates at the moment. Rosengren, who voted against the previous two rate cuts, said Fed officials "can be patient and continue to evaluate incoming data before taking additional action."

* P&C insurer PartnerRe's Executive Vice President and CFO Mario Bonaccorso is set to retire from the company on March 31, 2020. Zurich Insurance Group's Nicolas Burnet will succeed Bonaccorso.

* MedPro Group, a provider of healthcare liability insurance, agreed to acquire the renewal rights to Swiss Re Corporate Solutions' healthcare professional liability book of business, effective Oct. 11.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.