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The Monday Express: North American financials

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The Monday Express: North American financials

* Opus Bank and Affiliated Managers Group are scheduled to report quarterly results before markets open today.

* MetLife Insurance Co. USA rejected allegations by a competitor that Brighthouse Financial, the new company formed to house a substantial portion of the U.S. retail segment of MetLife Inc., infringes upon a trademark that has been in use since 2012.

* Citigroup will exit its mortgage servicing operations by the end of 2018, with CitiMortgage Inc. selling to New Residential Mortgage its mortgage servicing rights on around 780,000 Fannie Mae and Freddie Mac loans for $950 million and the related servicer advances for $32 million.

* Separately, Citigroup has launched a small business lending website, allowing customers to make loans of up to $1 million, Reuters reports.

* Jardine Lloyd Thompson Group acquired a majority stake in Construction Risk Partners, a construction risk and surety specialty insurance broker in the U.S.

* Global solutions provider Linedata is acquiring Gravitas Technology Services, a provider of middle office and technology services to the asset management industry.

* Canada Pension Plan Investment Board and U.S. private equity firms — including TPG, Cerberus Capital Management and Thoma Bravo, are looking into buying Toronto-based financial technology provider DH Corp., sources told Reuters.

* Stonegate Mortgage would owe Home Point Financial about $7.3 million if it terminates the companies' agreement to merge.

* In a move to address policymakers' concerns that asset managers show that they are policing the companies they invest in, BlackRock, Vanguard and State Street are boosting the staff in their corporate governance teams, the Financial Times reports.

* North Carolina State Treasurer Dale Folwell is planning to individually contact 175 money managers overseeing a combined $38 billion in investments from the state's pension funds, in order to cut down their fees, the Triad Business Journal reports.

* Citadel Securities appointed Peng Zhao as CEO to replace Kevin Turner, Reuters reports.

* The Illinois Department of Financial and Professional Regulation – Division of Banking has shut down Seaway Bank and Trust Co., with the FDIC appointed as receiver. Dallas-based State Bank of Texas will assume all the deposits and purchase $309.0 million of the failed Chicago-based institution's assets.

* Meanwhile, the FDIC released a list of orders of administrative enforcement actions taken against banks and individuals in December 2016.

* Wall Street firms are raising their 2016 bonus pool for rates traders, with JPMorgan increasing it by about 20% and Morgan Stanley and Bank of America by more than 10% each, sources told Bloomberg News.

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