In Virginia, C&F Financial Corp. is buying Peoples Bankshares Inc. and its subsidiary, Peoples Community Bank in a stock and cash deal
Elsewhere, in Illinois, Illinois Bank & Trust agreed to acquire substantially
And in Columbus, Ohio, Whitehall CU will become part of Pathways Financial CU Inc. effective Sept. 28. The Whitehall branch will re-open as a branch of Pathways Financial on Sept. 30.
The Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corp., the U.S. Securities and Exchange Commission and the Commodities Futures Trading Commission are together poised to ease up the Volcker rule
The SEC will weigh in on whether to publish new guidance on the responsibilities of investors when relying on proxy advisers
The Federal Housing Finance Agency published in the Federal Register a final rule on the validation and approval of third-party credit score models
House Financial Services Committee Chair Maxine Waters, D-Calif., and Rep. Joyce Beatty, D.-Ohio, asked U.S. banking giants JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Wells Fargo & Co., Goldman Sachs Group Inc., Morgan Stanley, Bank of New York Mellon Corp. and State Street Corp. to disclose their diversity and inclusion
JPMorgan stands to make a windfall
Digital lender
The U.S. consumer price index is estimated to have accelerated by 0.3% in July and risen 1.7% year on year, but this does not lower the chances of the Federal Reserve cutting interest rates
In other parts of the world
Europe: Orcel interested in top HSBC role; MPS sells bad loans; PKO posts profit rise
Asia-Pacific: NAB Q3 earnings up 1% YOY; HK IPOs decline; Singapore cuts economic forecast
Middle East & Africa: Absa H1 results up; Plus500 shrugs off profit plunge; Swiss Re in Cote d'Ivoire
Now featured on S&P Global Market Intelligence
Inaccurate earnings guidance is on the rise: Earnings guidance has become a key indicator for investors and analysts, but the forecasts S&P 500 companies present to the market are getting less and less accurate.
Consumers not the only parties who stand to gain from cash-back cards: Consumers are not the only ones benefiting from cash-back cards, as banks now also use these tools to boost the profitability of existing consumer banking relationships.
Big-ticket M&A, high-profile IPOs highlight dealmaking landscape: The second quarter of 2019 saw a number of high-profile initial public offerings and acquisition announcements, but the pace of M&A and follow-on offerings continued to sag.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, Hang Seng ticked 0.08% higher to 25,302.28, while the Nikkei 225 gained 0.98% to 20,655.13.
In Europe, around midday, the FTSE 100 fell 0.97% to 7,180.47, and the Euronext 100 dropped 1.25% to 1,028.66.
On the macro front
The U.S. import and export prices report, the Atlanta Fed business inflation expectations report and the U.S. Energy Information Administration petroleum status 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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