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The Friday Express: North American financials


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The Friday Express: North American financials

* ECN Capital will pay C$410 million in cash to acquire Service Finance.

* QCR Holdings is acquiring Guaranty Bankshares in a deal valued at roughly $44.2 million.

* Meanwhile, Louisiana Community Bancorp is looking to merge its five Louisiana-based subsidiary banks under one charter and a new bank name.

* In a report released yesterday, Moody's Investors Service said the outlook for the Bermudian banking system is stable amid improving asset quality, strong capital buffers and sound liquidity.

* The Federal Reserve Board terminated an April 2011 enforcement action against EverBank Financial. However, the bank will need to pay a $1.8 million civil money penalty for its mortgage servicing deficiencies related to that enforcement action.

* And JPMorgan COO Matthew Zames, a potential successor to CEO Jamie Dimon, is leaving the company.

* In Rhode Island, Senate Policy Director Marie Ganim will succeed Kathleen Hittner as health insurance commissioner as the latter nears her retirement, the Providence (R.I.) Journal reports.

* Berkshire Hathaway units California Insurance, Applied Underwriters Captive Risk Assurance and Applied Underwriters have agreed to halt a practice of using "bait-and-switch" marketing tactics to sell a workers' compensation insurance product as part of a settlement with the California Department of Insurance.

* Elsewhere, fintech company VeriFone Systems said it expects GAAP and non-GAAP net revenues of about $463 million to $465 million for the third fiscal quarter.

* In government news, the U.S. House of Representatives passed the Financial CHOICE Act, with no Democrats voting yes in the 233-186 vote.

* Testifying before the Senate Select Committee on Intelligence yesterday, former FBI Director James Comey explained his belief that President Trump tried to derail an FBI investigation into a former White House aide.

* And overseas, Northern Ireland's Democratic Unionist Party, or DUP, had promised their support for U.K. Prime Minister Theresa May in Parliament. In the 650-seat House of Commons, the governing Conservative Party has 318 seats while the DUP has 10.

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