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The Thursday Express: Honor CU's bank deal called off

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The Thursday Express: Honor CU's bank deal called off

* Goldman Sachs has reportedly won a role in managing the proposed IPO of Commonwealth Bank of Australia's unit, Colonial First State Global Asset Management, The Australian reports. Blackstone Group, on the other hand, is also looking to buy Australia & New Zealand Banking Group unit UDC Finance.

* Morgan Stanley will boost its Frankfurt, Dublin and Paris locations in preparation for Brexit, Bloomberg News reports, citing President Colm Kelleher.

* Meanwhile, former Morgan Stanley advisers James Polese and Cornelius Peterson agreed to plead guilty to U.S. charges accusing them of misusing funds to invest in a wind farm project, Reuters reports.

* KeyCorp appointed Clark Khayat executive vice president and chief strategy officer.

* In Michigan, Honor CU and Citizens State Bank of Ontonagon have terminated their pending merger, the Credit Union Times reports.

* Fintech company Moven is planning to divide itself into a software provider to be called Moven Enterprise and a bank to be called MovenBank, American Banker reports.

* California Insurance Commissioner Dave Jones said insurers have received nearly 45,000 claims and saw losses of more than $11.79 billion from the wildfires in California in October and December 2017.

* And the proposed healthcare venture by Amazon, Berkshire Hathaway and JPMorgan is still in its early stages and has not yet reached a definitive plan, an executive at one of the companies told S&P Global Market Intelligence.

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