Just in: Sandusky, Ohio based- Civista Bancshares Inc. is acquiring Lawrenceburg, Ind.-based United Community Bancorp for $114.4 million.
During a Shadow Open Market Committee event, Federal Reserve Bank of Chicago President Charles Evans said Fed officials should be cautious in deciding whether switching their inflation target is appropriate. Evans added that policymakers will likely face more challenges as normal interest rates appear to be substantially lower than they were before the financial crisis.
Goldman Sachs Group Inc., Bank of America Merrill Lynch and Morgan Stanley are among the banks
The plaintiff alleging First Mid-Illinois Bancshares Inc. and First BancTrust Corp. of not disclosing material information about their deal has agreed to withdraw and dismiss his complaint after the companies released supplemental merger-related disclosures.
Salem Five Cents Savings Bank has acquired Cape Ann Insurance in Massachusetts.
Asset manager
And Blackstone Group LP's India market has become its top-performing global market, Bloomberg reports. Senior Managing Director Amit Dixit said the company is now focusing on sectors like consumer and information technology, where it expects India to make the most revenue.
In other parts of the world
Asia Pacific: UBS banned from HK IPO; Nippon Life to buy DWS stake; Sompo closes Canopius sale
Europe: Deutsche Bank sets price range for DWS IPO; Barclays gets ring-fencing nod
Middle East & Africa: Emirates NBD eyes $2B capital hike; Tanzania saying no to bank rescues
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng was up 1.93% to 31,594.33, while the Nikkei 225 gained 1.65% to 21,824.03.
In Europe as of midday, the FTSE 100 was down 0.02% to 7,225.86, and the Euronext 100 was up 0.41% to 1,034.55.
On the macro front
The U.S. Treasury budget is out due today.
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