Treasury Secretary Steven Mnuchin said the U.S. government
Meanwhile, banking
Speaking of Wells Fargo, California Treasurer John Chiang had given the company a list of directors he wanted gone, the San Francisco Business Times reports. Chiang notified the company that he intends to attend its April shareholders meeting to forcefully argue that Lloyd Dean, John Baker II, Federico Peña and Enrique Hernandez Jr. be fired. Chiang said he intends to attend the meeting and "raise holy hell about the board's composition." If the board members are gone, however, he will refocus on "getting Wells Fargo to cease using an unfair arbitration clause."
U.S. District Judge Richard Sullivan dismissed a lawsuit alleging Citigroup Inc. of gender discrimination, Reuters reports. Erin Daly, a former financial adviser of the company, accused the bank of reducing her into a "glorified secretary" because of policies that favored male bankers. Sullivan said most of her claims did not belong in federal court because she had agreed to arbitrate them. He also added that Daly took a long time to accuse Citi of firing her for whistleblowing activity.
And payment processor
In other parts of the world
Asia Pacific: CBA H1 profit falls; ICICI Securities gets IPO nod
Europe: Profits rise for RBI, ABN AMRO; Hannover Re ups 2017 net income target
Middle East & Africa: Saudi Arabia's NCB posts YOY rise in Q4'17 profit; Kenya eyes 1st green bond
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng fell 0.89%% to 30,323.20, while the Nikkei 225 climbed 0.16% to 21,645.37.
In Europe, around midday, the FTSE 100 rose 0.69% to 7,190.61 and the Euronext 100 climbed 0.65% to 1,003.85.
On the macro front
The MBA Mortgage Applications report and the EIA Petroleum Status report are due out today.
The Daily Dose is updated as of 7:30 a.m. ET. Some external links may require a subscription.
