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The Wednesday Express: Morgan Stanley to drop some wealth management clients


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The Wednesday Express: Morgan Stanley to drop some wealth management clients

* Democrats on the House Committee on Oversight and Government have urged Equifax to extend its free credit protection and identity theft service, TrustedID Premier, to at least three years instead of just one year.

* Flagstar Bank is buying a mortgage warehouse loan portfolio from Boston-based Santander Bank. The deal also includes the warehouse lending team of the Spain-based Banco Santander unit.

* Morgan Stanley is letting go of some of its international wealth management clients, Bloomberg News reports.

* The U.S. Supreme Court turned down an appeal to revive litigation accusing the federal government of overstepping its authority when it restructured Fannie Mae and Freddie Mac, Reuters reports.

* The Supreme Court declined to hear Mercury Insurance's appeal to overturn an appellate court's ruling requiring the insurer to reduce its homeowner insurance rates.

* Insurance firm XL Catlin has pulled out from the commercial fleet motor insurance market in the U.K. and Ireland, The Insurance Insider reports.

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