trending Market Intelligence /marketintelligence/en/news-insights/trending/8ueprfzvqmpzrmdn4on_sw2 content esgSubNav
In This List

The Tuesday Express: PHH faces lawsuit over Ocwen deal; AXA Equitable closes IPO

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Commercial Banking: June 22nd Edition

Blog

Understanding Loss Given Default A Review of Three Approaches


The Tuesday Express: PHH faces lawsuit over Ocwen deal; AXA Equitable closes IPO

* The Boston Retirement System is suing several financial institutions, including JPMorgan, Bank of America and Citigroup, over allegations that they conspired to fix prices for Mexican government bonds by rigging auctions, fixing spreads and selling bonds at artificially high prices.

* Former Federal Reserve Chairman Ben Bernanke and other former top economic officials endorsed the nomination of Richard Clarida to serve as the central bank's next vice chairman.

* The U.S. dollar will "remain the dominant currency" despite the rise of cryptocurrencies, St. Louis Fed President James Bullard said at CoinDesk's Consensus conference. He added that he doubts the Fed will introduce its own digital currency at this point.

* National Bank of Canada appointed Manuel Morales chief scientist of artificial intelligence.

* Charleston, S.C.-based Beacon Community Bank raised $34.1 million from a private placement, American Banker reports, citing a press release from its financial adviser, Community Capital Advisors.

* PHH Corp. is facing another lawsuit that aims to block the company's pending acquisition by Ocwen Financial.

* National Security Group posted first-quarter net income of $471,000, or 19 cents per share. The company said claim activity related to catastrophe events was significantly less in the recent quarter compared with the year-ago quarter.

* Axa completed the IPO of its U.S. subsidiary, AXA Equitable Holdings, booking overall proceeds of $4.02 billion.

The Daily Dose has an editorial deadline 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.