The Commodity Futures Trading Commission fined Deutsche Bank Securities Inc. $70 million in civil monetary penalty for attempting to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix.
Meanwhile, some Wells Fargo & Co. clients are pulling out their investments from the bank
JPMorgan Chase & Co. and Starbucks Corp. announced a co-brand credit card available for Starbucks Rewards Visa Inc. card.
A former Morgan Stanley broker is suing the company for alleged racial bias, Reuters reports. John Lockette said he was fired after complaining that the company gave him negative performance reviews and denying him of raises and bonuses, among others. Lockette also claimed the company has no intention of reforming its practices that incite racial discrimination.
After closing a $33 million capital offering, Infinity Bank — the second de novo bank
Blackstone Group LP President Tony James said the future of Thomson Reuters' financial and risk business is in selling data and not in selling terminal desktop products, Reuters reports. The asset manager
In the credit union
And the Iowa Bankers Association has launched a campaign seeking to remove credit unions' exemption from taxes amid tax reform talks happening at the state's legislature, CUtoday.info reports.
In other parts of the world
Asia Pacific: India to merge, list 3 insurers; Alibaba to buy 33% stake in Ant Financial
Europe: Deutsche Bank FY'17 loss narrows; Danske Bank launches 10B kroner buyback
Middle East & Africa: IDB to sell Banque Zitouna stake; Standard Bank gets new CEO in Malawi
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng decreased 0.12% to 32,601.78, and the Nikkei 225 declined 0.90% to 23,274.53.
In Europe, around midday, the FTSE 100 was down 0.34% to 7,464.61, and the Euronext 100 was down 1.04% to 1,048.25.
On the macro front
The employment situation report, the consumer sentiment report, the factor orders report and the Baker-Hughes Rig Count report are due out today.
The Daily Dose is updated as of 7:30 a.m. ET. Some external links may require a subscription.
