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The Wednesday Express: North American financials

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The Wednesday Express: North American financials

* The Swiss Competition Commission has fined various major European and U.S. banks over four instances of interest rate cartels.

* The Federal Reserve Board has named 12 chairs and 12 deputy chairs for all of its Federal Reserve Banks for 2017.

* The Fed extended the comment period for a proposed rule on adopting additional limitations on physical commodity trading activities conducted by financial holding companies.

* The public comment period is now open for proposed guidelines used to evaluate requests for joint accounts at Federal Reserve Banks.

* The OCC released a final rule setting forth a framework for placing uninsured national banks into receivership.

* The FDIC and the North Carolina Commissioner of Banks issued a consent order to Winston-Salem, N.C.-based Branch Banking and Trust over internal control deficiencies related to its Bank Secrecy Act and Anti-Money Laundering compliance program.

* The Commodity Futures Trading Commission announced that a federal court entered a consent order of permanent injunction against Chicago trader Igor Oystacher and his proprietary trading company, 3Red Trading, for engaging in a manipulative and deceptive spoofing scheme. The order requires the defendants to pay a $2.5 million civil monetary penalty.

* Arthur J. Gallagher acquired Metairie, La.-based Group Insurance Associates, an employee benefits insurance broker specializing in health, life, dental and disability coverage.

* Leavitt Group Enterprises acquired a majority stake in Santa Barbara, Calif.-based BB&H Benefit Designs, effective Nov. 1.

* Jefferies has formed an alliance with Thailand-based Kasikorn Securities to provide equity research on companies based in Thailand.

* Harris & Harris Group is proposing to split itself into two companies, citing dissatisfaction with the company's stock price and a "pessimistic view" of its business model.

* After incurring double-digit losses on investments this year, Blackstone Group has decided to wind down its hedge fund Senfina Advisors, Reuters reports.

* Jonathan Raul dropped his charges against Hattiesburg, Miss.-based First Bancshares after the latter agreed to disclose additional information regarding the issuance of additional First Bancshares common shares.

* Minneapolis-based U.S. Bank is planning to build a $250 million data center in Chaska, Minn., this spring.

* The board of Walla Walla, Wash.-based Banner Corp. adopted a majority voting standard for uncontested director elections.

* A study released by The Pew Charitable Trusts showed that small banks in the U.S. have overdraft practices comparable to large institutions, which Pew says still fail to meet overdraft best practices.

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