* Minneapolis-based U.S. Bank will add 400 jobs in Cincinnati over the next five years after the city council approved a job creation tax credit package with the bank, the Cincinnati Business Courier reports.
* Morgan Stanley CEO James Gorman said in a conference that he wants the company's asset management unit to reach $1 trillion in assets within the next five to seven years, according to Bloomberg News.
* Philadelphia-based FIS Group is set to acquire Piedmont Investment Advisors, an institutional investment company based in Durham, N.C.
* The U.S. Financial Industry Regulatory Authority fined Industrial & Commercial Bank of China's U.S. unit $5.3 million over inadequate anti-money laundering measures and other financial violations.
* Digital currency exchange Coinbase has acquired cryptocurrency trading platform Paradex, Reuters reports.
* COO Brian Pieninck will succeed Chet Burrell as president and CEO of CareFirst BlueCross BlueShield, a non-profit organization that offers insurance plans. The appointment is effective July 1.
* Assured Guaranty Corp. and Assured Guaranty Municipal Corp. filed an adversary complaint against Puerto Rico over its revised fiscal plan, which the companies claim violates Puerto Rican and U.S. laws.
* Analysts at Keefe Bruyette & Woods and William Blair separately initiated coverage of Goosehead Insurance with an "outperform" rating, citing strong growth opportunities for the company.
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