Marcato Capital Management LP, the activist hedge fund
The SEC has initiated a probe into how trading was handled
Capital One Financial Corp. and JPMorgan Chase & Co. are among large financial institutions that are likely to decrease the size of current and future loans to shale companies
Société Générale SA and its U.S. unit, Societe Generale - New York Branch - New York Branch, entered into an agreement with the Federal Reserve Bank of New York to submit a written plan, within 60 days, to strengthen oversight of the bank's compliance risk management
GreenSky Inc. reached an agreement in principle for a three-year $6 billion forward flow arrangement with an institutional asset manager, which the digital lender
Citigroup Inc. and American Airlines are canceling reward points or seizing miles
Traders at HSBC Holdings PLC and JPMorgan accessed the high-speed audio feed of central bank press conferences which is subject to a probe by the Bank of England and the Financial Conduct Authority, a source told the Financial Times. The audio feed potentially gave the traders of these banks key seconds of trading advantage, according to the report.
In other parts of the world
Asia-Pacific: Amundi wins approval for China JV; Apollo, others shortlisted for UDC Finance
Europe: Bailey named BoE governor; CaixaBank, BBVA off-load bad loans; new CEO at Carige
Middle East & Africa: South Africa sanctions 5 banks; Letshego sees higher profit; S&P affirms Lebanon
Now featured on S&P Global Market Intelligence
Community bank experts respond positively to 'overdue' CRA reforms: Community bank experts are reacting positively to proposed changes to the Community Reinvestment Act, which attempts to clarify activities that qualify for CRA credit, expands assessment areas for banks outside of their brick-and-mortar branch footprints and uses a ratio-based approach to determine a bank's score.
US banks reaching further out yield curve in the face of lower rates: As the interest rate cycle shifted once again, many banks continued to increase their exposure to longer-dated bonds in the third quarter. Long-term rates fell notably throughout 2019 amid fears of slowing economic growth.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng rose 0.13% to 27,906.41, and the Nikkei 225 was up 0.02% to 23,821.11.
In Europe, around midday, the FTSE 100 was up 0.46% to 7,617.20, and the Euronext 100 climbed 0.07% to 1,153.34.
On the macro front
The durable goods orders report, the Chicago Fed National Activity Index and the new home sales report are due out today.
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