trending Market Intelligence /marketintelligence/en/news-insights/trending/bo8hkog85acqhxz9owmeng2 content esgSubNav
In This List

Friday Express: Northeast Bancorp units merging into Minnwest Bank

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Friday Express: Northeast Bancorp units merging into Minnwest Bank

* The International Monetary Fund warned that the recent tax cuts and higher government spending could increase the risk of a recession in the U.S. within the next couple of years.

* The Federal Reserve finalized a rule that would protect against contagion of credit risk among large banks.

* William Hinman, director of the Securities and Exchange Commission's division of corporation finance, said cryptocurrency ether is not a security and the agency is unlikely to consider regulating it.

* The Financial Supervisory Services is investigating Goldman Sachs International's Seoul branch over allegations of "naked short selling," The Korea Times reports.

* U.S. banks and thrifts reported $4.31 billion in noninterest mortgage income in the first quarter, up from $3.50 billion a year ago.

* First State Bank and Peoples State Bank, units of Brandon, S.D.-based Northeast Bancorp, are merging into Redwood Falls, Minn.-based Minnwest Bank, myKLGR.com reports.

* Blank check company Far Point Acquisition raised $632.5 million in its recently completed initial public offering.

* A federal appeals court ruled against a complaint filed by several health insurers, including Moda Health Plan and Land of Lincoln Mutual Health Insurance, who sought to recover $12 billion from the Affordable Care Act risk corridor program.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.