trending Market Intelligence /marketintelligence/en/news-insights/trending/BTRI0e97y6zKnFa3YkGYCw2 content esgSubNav
In This List

The Tuesday Express: North American financials

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Commercial Banking: June 22nd Edition


The Tuesday Express: North American financials

* Pacific Premier Bancorp is acquiring Heritage Oaks Bancorp in a stock transaction for approximately $405.6 million.

* The SEC accepted State Street Bank and Trust's $92.4 million offer to settle a cease and desist order related to claims that, from January 2006 to October 2009, the bank misled custody clients in describing its pricing for a method of foreign currency exchange it offered, known as Indirect FX, among other things.

* Barclays, JPMorgan Chase and Citigroup cooperated with the Department of Justice in providing information to broaden its probe into the manipulation of foreign-currency markets, Bloomberg News reports.

* Fiserv agreed to acquire Online Banking Solutions, an Atlanta-based provider of cash management and business banking technology.

* Stanford Investment Group will merge with wealth management firm Aspiriant.

* Highland Capital Management has filed a lawsuit against Geoffrey Stern, president of Muirfield Capital, for making defamatory comments about the fund in an article in The Wall Street Journal, Bloomberg reports.

* The U.S. Department of Education, this time, did not award the new debt collection contract to Navient Corp., which has collected on defaulted student debt for the department since 1997, Bloomberg reports.

* ApplePie Capital, the first online lender solely dedicated to the franchise industry, inked a $180 million loan purchase agreement with TowerBrook Capital Partners to purchase franchise loans originated by ApplePie over a two-year period.

* Claude LeBlanc will begin serving as president and CEO of Ambac Financial on Jan. 1, 2017.

* Stewart Information Services named Timothy Okrie COO, effective Dec. 12.

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