A federal judge denied Bank of America Corp.'s request to dismiss a FDIC complaint demanding the bank
U.S. District Judge Gary Feinerman ruled that Illinois' Cook County, which includes Chicago, may pursue its complaint against Wells Fargo & Co. over allegations of predatory mortgage lending targeting black and Hispanic borrowers in Chicago, Reuters reports. Feinerman, however, narrowed the complaint, dismissing several claims of harm from lost property taxes, racial segregation and other factors, which he said "flow far beyond" the company's alleged misconduct.
And Goldman Sachs Group Inc. is the financial adviser for the sale of TNT Crust, the pizza crust business of U.S. meat processor Tyson Foods Inc.
Meanwhile, European Commissioner for Competition Margrethe Vestager's investigation of stock ownership may include large U.S. asset managers
Broker/dealer
In other parts of the world
Asia Pacific: South Korea's ING Life draws interest; 2 Chinese firms post higher FY'17 results
Europe: More banks reveal UK gender pay gap; Deutsche Bank to sell certain Portugal ops
Middle East & Africa: Orange Bank eyes African expansion; South Africa a long way from S&P upgrade
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng was down 2.34% to 30,070.29, and the Nikkei 225 was down 1.34% to 21,031.31.
In Europe, as of midday, the FTSE 100 was down 0.17% to 6,987.95, and the Euronext 100 had fallen 0.68% to 995.15.
On the macro front
The Bank Reserve Settlement report, the MBA mortgage applications report, the GDP report, the international trade in goods report, the pending home sales index, the EIA petroleum status report and the Farm prices report are due out today.
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