Banco Bilbao Vizcaya Argentaria SA has accepted Bank of Nova Scotia's offer to acquire the Spanish lender's 68.19% ownership in Banco Bilbao Vizcaya Argentaria Chile SA, as well as its interests in certain subsidiaries, for approximately US$2.2 billion.
In other M&A
In government and regulatory
At the CFPB, Mulvaney lifted the ban on payments to victims of financial crime, a week after he imposed a 30-day freeze, The New York Times reports.
The Senate Committee on Banking, Housing and Urban Affairs will vote on whether to advance Jerome Powell's nomination as Federal Reserve chair to the Senate at a 10 a.m. executive session. Powell, who currently serves as a Fed governor, is Trump's pick to lead the U.S. central bank.
The Senate banking panel is also scheduled to vote on the bipartisan regulatory relief bill S. 2155, or the Economic Growth, Regulatory Relief and Consumer Protection Act. The bill would raise the current asset threshold for banks to be designated as systemically important and be subjected to enhanced prudential standards to $250 billion from $50 billion.
In other banking
Wells Fargo & Co. President and CEO Timothy Sloan is expected to address investors today at a Goldman Sachs conference in New York. The company continues to face regulatory scrutiny over a number of issues, including the opening of fraudulent accounts and blunders in its auto-insurance, mortgage, and foreign exchange businesses.
Morgan Stanley launched a robo-advisory service called Access Investing, The Wall Street Journal reports. Clients will need at least $5,000 to invest and the service will charge 0.35% of assets annually.
Bloomberg News calculated that the worlds largest asset managers
Nationstar Mortgage LLC reached a $9.2 million settlement agreement with the California Department of Business Oversight to resolve claims that the mortgage broker
In credit union
On digital currencies
Cboe Global Markets Inc.'s futures exchange
In Canadian earnings
In other parts of the world
Asia Pacific: Australia shelves superannuation changes; My Credit Union gets nod for merger
Europe: Portugal's Centeno to head Eurogroup; Basel rules deal seen this week
Middle East & Africa: Mashreqbank gets new Bahrain license; Access Bank eyes West Africa expansion
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng dropped 1.01% to 28,842.80 and the Nikkei 225 slid 0.37% to 22,622.38.
In Europe, around midday, the FTSE 100 gained 0.16% to 7,350.74, while the Euronext 100 fell 0.39% to 1,038.59.
On the macro front
The international trade report, the Redbook, the PMI Services Index and the ISM Non-Mfg Index are due out today.
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