Verisk Analytics Inc. is buying Genscape Inc., a global provider of real-time data and intelligence for commodity and energy markets, for $364 million in cash. Genscape will become part of Wood Mackenzie Ltd, a Verisk business, as part of the deal.
Stifel Financial Corp. agreed to acquire B&F Capital Markets Inc., a Cleveland, Ohio-based provider of interest rate swap capabilities to regional and community banks. The terms of the deal, expected to close in the third quarter, were not disclosed.
House Financial Services Committee Chairwoman Maxine Waters, D.-Calif., and 101 members of Congress wrote a letter to Consumer Financial Protection Bureau Director Kathy Kraninger to express concern about the CFPB's plan to remove the ability-to-pay requirements from the 2017 Payday rule
At the Federal Reserve's annual symposium in Jackson Hole, Wyo., Bank of England Governor Mark Carney is proposing that the U.S. dollar, the world's reserve currency, must be eventually replaced by a virtual reserve currency
Investment firm Avenue Capital Group LLC agreed to acquire London-based Pollen Street Capital's entire stake in Irish development and bridging finance lending platform
Kunal Kalra of Westwood, Los Angeles agreed to plead guilty to federal criminal charges, one of which was for running an unlicensed bitcoin exchange
The National Credit Union Administration granted a federal charter and share insurance fund coverage to Maine Harvest FCU, which will serve the employees and about 13,000 members of the Maine Organic Farmers and Gardeners Association and the Main Farmland Trust. The credit union
In other parts of the world
Asia-Pacific: RBA chief warns of global political shock; India to inject cash into banks again
Europe: Credit Suisse to bolster Swiss unit; Allianz's Brazil deal; hiring freeze at AIB
Middle East & Africa: FAB denies Qatari regulator's allegations; Fitch, S&P act on Lebanon
Now featured on S&P Global Market Intelligence
US credit unions book highest deposit growth since Q4'17: Shares and deposits at U.S. credit unions booked their highest year-over-year growth rate in a year and a half during the second quarter. Shares and deposits were up 6.0% from the year-ago period, representing the highest year-over-year growth rate since the fourth quarter of 2017.
Fintech M&A Deal Tracker — August continues record-breaking year of megadeals: London Stock Exchange Group's $16.55 billion planned acquisition of financial analytics provider Refinitiv Holdings, announced in August, marks the fourth-largest transaction announced in the fintech industry in 2019, behind the three megamergers in the payment processing space.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng fell 1.91% to 25,680.33, and the Nikkei 225 dropped 2.17% to 20,261.04.
In Europe, around midday, the Euronext 100 was up 0.32% to 1,038.53.
On the macro front
The Durable Goods Orders, Chicago Fed National Activity Index and the Dallas Fed Manufacturing Survey 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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