In Colorado, Elevations CU plans to buy the assets of Cache Bank & Trust in a deal
Digital lender
New York-based Tiedemann Advisors LLC has formed Tiedemann Constantia AG with with Swiss capital consultancy firm Constantia Partners AG. Zurich-based Tiedemann Constantia is a wealth management firm
Milwaukee-based institutional money manager
Describing the U.S. economic outlook as "benign," Boston Fed President Eric Rosengren said a healthy consumer sector should keep growth around 2% in the second half of this year, despite investors' worries about trade uncertainty and slower global growth. Rosengren said he will "carefully watch" incoming data to see whether he would support changing rates at the central bank's next meeting Sept. 17 and 18.
With or without Brexit
A three-person arbitration panel of the Financial Industry Regulatory Authority Inc. ordered TD Ameritrade Inc. to pay a radiologist-investor $720,816 for allegedly failing to oversee an investment adviser whose investment fund had reportedly caused the investor to incur losses, the InvestmentNews reports.
Comments on the proposed postponement of the current expected credit loss standard, or CECL
The sustainability linked bank debt market
In other parts of the world
Asia-Pacific: Deutsche Bank, BNP Paribas get Chinese underwriting license; Suncorp eyes sale
Europe: UK lawmakers poised to stop no-deal Brexit; RBS' PPI woes; KBC to cut 1,400 jobs
Middle East & Africa: France plots $15B credit line for Iran; South Africa averts recession in Q2
Now featured on S&P Global Market Intelligence
Top 50 US banks & thrifts in Q2'19: Forty-one of the 50 largest U.S. banks reported an increase in assets during the second quarter. However, JPMorgan Chase, the U.S.'s largest bank by assets, reported a $9.81 billion decrease in assets in the second quarter, making it the only Big Four U.S. bank to report a drop in pro forma total assets.
The day ahead
In Asia, the Hang Seng surged 3.90% to 26,523.23, and the Nikkei 225 ticked 0.12% higher to 20,649.14.
In Europe, around midday, the FTSE 100 gained 0.30% to 7,290.21, and the Euronext 100 was up 0.86% to 1,071.42.
On the macro front
The international trade report, the Redbook and the Beige Book 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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