Fiera Capital Corp. agreed to acquire Integrated Asset Management Corp. for a total consideration of C$74 million, representing Integrated Asset Management's total enterprise value of C$64 million and C$10 million of adjusted cash. The deal
Wells Fargo & Co. Chair Betsy Duke refuted a media report that said the bank
In regulatory
In litigation
AriseBank Inc. founder Jared Rice Sr. admitted to scamming $4.2 million from hundreds of investors by falsely claiming that investors would receive Federal Deposit Insurance Corp.-insured accounts and Visa Inc.-branded credit cards if they purchased AriseCoin cryptocurrency
President Donald Trump is considering appointing Stephen Moore, a visiting fellow at the Heritage Foundation, to the Federal Reserve Board, sources told Bloomberg. Moore was an adviser on Trump's campaign and helped draft its economic agenda, and is reportedly a close friend of White House economic adviser Larry Kudlow. Herman Cain, who ran for the 2012 Republican presidential nomination, may also be considered for the Fed board, according to the report.
In other parts of the world
Asia Pacific: 3 central banks keep rates steady; Anbang selects buyer for wealth units
Europe: EU tables short Brexit delay; Swedbank to boost AML controls; Deutsche guidance
Middle East & Africa: Dubai payments firm to change name; Saudi regulator approves SABB-Alawwal merger
Now featured on S&P Global Market Intelligence
Possible Wells Fargo deal could extend Principal's reach in 401(k) market: If Principal Financial Group finalizes a deal to acquire Wells Fargo's retirement plan services unit, the transaction could also bring the added scale that Principal executives have hinted the company has been in pursuit of for several months now.
Mechanics Bank looks to ramp up lending across California with Rabobank purchase: Mechanics Bank plans to use the additional scale from its acquisition of Rabobank to increase lending, particularly in indirect auto.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, Hang Seng rose 0.14% to 29,113.36, while the Nikkei 225 gained 0.09% to 21,627.34.
In Europe, around midday, the FTSE 100 was down 0.83% to 7,294.13, and the Euronext 100 decreased 0.99% to 1,037.66.
On the macro front
The PMI Composite FLASH, the Existing Home Sales report, the Wholesale Trade report, the Baker-Hughes Rig Count report and the Treasury Budget is due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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