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The Thursday Express: North American financials

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The Thursday Express: North American financials

* JPMorgan and Citigroup are set to release their third-quarter financial results before markets open today.

* Citigroup's private banking division will set up a new booking center in Luxembourg to manage the accounts of its European ultrahigh-net-worth clients in the event of a "hard Brexit," the Financial Times reports, citing the U.S. lender.

* Bank of America leased office space in Paris amid plans to move its European trading hub there after Brexit, sources for Bloomberg News say.

* Morgan Stanley is planning to charge about $2,500 per hour for one-on-one meetings with its analysts once Europe's MiFID II financial rules take effect in 2018, Bloomberg sources say.

* Goldman Sachs is creating a group that will focus on generating creative deal ideas to high-profile clients, Reuters reports.

* First Tennessee Bank has acquired the operations and some of the assets of Professional Mortgage.

* Sunshine Bancorp and CenterState Bank Corp. are facing a putative class action lawsuit in connection with their pending deal.

* Fintech firms looking to conduct business with Pennsylvania residents are required to be licensed by the state's Department of Banking and Securities, Secretary Robin Wiessman wrote in a letter.

* Markel expects to report third-quarter pretax underwriting losses of $503 million, net of reinstatement premiums, from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico.

* Also, XL Group provided third-quarter preliminary estimates of net losses from hurricanes Harvey, Irma and Maria of $1.33 billion.

* Kemper Corporate Services received a favorable ruling against a software vendor in a confidential arbitration proceeding.

* Eric Hargan was appointed acting secretary of the U.S. Department of Health and Human Services.

* And U.S. Department of Housing and Urban Development Secretary Ben Carson will face the House Financial Services Committee at a hearing entitled "The Future of Housing in America: Oversight of the Department of Housing and Urban Development" at 9:30 a.m. ET today.

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