Savant Capital Management and Huber Financial Advisors LLC plan to merge
California Gov. Gavin Newsom will introduce on Jan. 10 a California Consumer Financial Protection legislation that seeks to revamp the rules protecting consumers from predatory businesses
Federal Reserve officials on Jan. 9 displayed some cautious optimism about the U.S. economy's prospects, showing no rush to change interest rates
Rep. Katie Porter, D-Calif., asked Wells Fargo & Co. to pay back by Jan. 30 the IT vendors
The Federal Reserve Board of Governors and the Texas Department of Banking issued a cease and desist order to El Paso, Texas-based United Bank of El Paso del Norte, effective Dec. 30, 2019. The most recent examination conducted by the Federal Reserve Bank of Dallas and the Texas Department of Banking identified significant deficiencies in the bank's risk management and compliance with anti-money laundering regulations
Vanguard Group Inc. is set to ramp up competition in the British wealth management sector
PayPal Holdings Inc. expects to report a pretax gain
In other parts of the world
Asia-Pacific: Vietnam to raise 4 banks' capital; Westpac to review operations
Europe: MPS sees €1.2B profit hit; Carney signals more stimulus; Santander sells CoCos
Middle East & Africa: World Bank cuts global growth forecast; Bank of Israel holds key rate
Now featured on S&P Global Market Intelligence
US bank M&A continued apace in 2019 despite dip in median pricing: Large, regional bank mergers of equals dominated U.S. bank deal headlines in 2019, but smaller deals continued to constitute most activity as the industry's yearslong consolidation trend persists.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng was up 0.27% to 28,638.20, and the Nikkei 225 increased 0.47% to 23,850.57.
In Europe, around midday, the FTSE 100 was up 0.02% to 7,599.56, and the Euronext 100 was up 0.05% to 1,159.24.
On the macro front
The employment situation report, the wholesale trade report and the Baker-Hughes Rig Count report are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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