Brentwood, Tenn.-based Reliant Bancorp Inc. agreed to acquire Ashland City, Tenn.-based Tennessee Community Bank Holdings Inc., the parent company of Community Bank & Trust, in an approximately 50% stock and 50% cash transaction
The U.S. Commodity Futures Trading Commission approved a final rule concerning amendments to the Volcker Rule
The American Bankers Association is recommending "a full and indefinite delay" of the current expected credit loss, or CECL
The Securities ad Exchange Commission settled with Stifel Nicolaus & Co. Inc. and BMO Capital Markets Corp. over charges that they provided incomplete and inaccurate securities trading
The Financial Industry Regulatory Authority censured and fined J.P. Morgan Securities LLC $1.1 million for failing to disclose in a timely manner 89 internal reviews or allegations of misconduct
The Federal Deposit Insurance Corp. will meet today to propose the removal of a requirement for banks to set aside billions of dollars in margin when doing derivatives transactions with their own affiliates, sources for Bloomberg News say. The Office of the Comptroller of the Currency and the Federal Reserve are also among agencies anticipated to propose the removal of swap margin rule
An extradited Russian hacker, Andrei Tyurin, is expected to plead guilty later in September to claims that he played a big role in stealing financial data
Refinitiv data shows that for the first six months of 2019, Morgan Stanley was the top financial adviser in activist campaigns
In a series of tweets, David Marcus, head of Facebook Inc.'s digital currency project, Libra
In other parts of the world
Asia-Pacific: ADB head may quit soon; Moody's downgrades Hong Kong outlook
Europe: StanChart to review 8,000 accounts; UniCredit lines up chairman candidates
Middle East & Africa: StanChart to meet with Dubai regulators; CGD to sell stake in Cape Verde unit
Now featured on S&P Global Market Intelligence
Bank of America still largest US deposit holder, latest FDIC summary data shows: Bank of America extended its lead as the largest U.S. bank by total deposits, according to the Federal Deposit Insurance Corp.'s 2019 Summary of Deposits. Deposits at the Charlotte-based bank increased 2.9% year over year to $1.365 trillion as of June 30.
Stephens looking to cast wider net with bank research coverage: Little Rock, Ark.-based investment bank Stephens is once again taking advantage of the M&A fallout and building up its depository coverage.
Newest Maine credit union hopes to fill gap in state's agricultural lending: Agriculture loan portfolios have decreased among banks in the Northeast over the last three years, and Maine Harvest Federal Credit Union hopes to take advantage by targeting small, local farmers and food producers in Maine, said co-founder, President and CEO Scott Budde.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng fell 1.23% to 26,790.24, and the Nikkei 225 gained 0.06% to 22,001.32.
In Europe, around midday, the Euronext 100 was up 0.03% to 1,084.79.
On the macro front
The Redbook Index for retail sales, the industrial production report, the housing market index and the Treasury International Capital report are 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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