President Donald Trump intends to nominate Jelena McWilliams — Fifth Third Bancorp's chief legal officer — as FDIC chair for a five-year term, and as a board member of the regulator
Amid an ongoing court battle on the leadership controversy at the Consumer Financial Protection Bureau, former lawmakers Barney Frank and Chris Dodd — who authored the Dodd–Frank Act
In banking
Walter Investment Management Corp. has filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of New York to execute a prepackaged financial restructuring plan. The financial restructuring process is expected to occur in the first quarter of 2018, following which the specialty lender
On bitcoin
In the fintech
And recently announced partnership with PayPal Holdings Inc. will give a big boost to robo-adviser Acorns Advisers LLC, S&P Global Market Intelligence predicts.
In other parts of the world
Asia Pacific: US blocks China's 'market economy' status bid; ANZ's unit sale may fall through
Europe: Eurogroup race on; RBS closes bad bank; Munich Re eyes €2B of annual profit
Middle East & Africa: OPEC, Russia oil cuts extended; Orange to open bank in Africa
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng decreased 0.35% to 29,074.24, while the Nikkei 225 increased 0.41% to 22,819.03.
In Europe, around midday, the FTSE 100 was down 0.32% to 7,303.32, and the Euronext 100 was down 0.68% to 1,032.25.
On the macro front
The PMI manufacturing index, the ISM manufacturing index, the construction spending report and the Baker-Hughes Rig Count are due out today.
The Daily Dose is updated as of 7:30 a.m. ET. Some external links may require a subscription.
