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The Tuesday Express: North American financials


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The Tuesday Express: North American financials

* JPMorgan Chase in mid-July launched a new dark pool trading platform, dubbed JPBX, an algorithm-driven platform that allows clients to trade stocks at a benchmark price reached over a period of time, Reuters reports.

* Northrim Benefits Group sold substantially all its assets to insurance brokerage firm Acrisure. Alaska-based Northrim BanCorp also sold its 50.1% interest in Northrim Benefits for $4.6 million.

* Warren Buffett's Berkshire Hathaway bought new shares in Synchrony and STORE Capital, with the investments valued at around $520.7 million and $418.1 million, respectively, as of June 30. Buffett also expanded his stake in Bank of New York Mellon.

* Athene Holding Chairman and CEO Jim Belardi is expecting to find deals similar to the recently inked reinsurance agreement with Lincoln National to grow its business in the U.S. and Europe.

* Aetna and Apple are in private talks to offer free or discounted Apple Watches to Aetna members, CNBC sources say.

* Sen. Joe Manchin, D-W.Va., urged Pres. Donald Trump to delay the Securities and Exchange Commission's decision on the bid, which is led by China-based Chongqing Casin Enterprise Group, to acquire the Chicago Stock Exchange.

* In an interview with the Associated Press, Federal Reserve Bank of New York President William Dudley said some of the current policies within the Dodd-Frank Act should be amended, including the Volcker Rule. However, Dudley noted that policies regarding requirements in capital increase and liquidity should be retained.

* The Financial Industry Regulatory Authority expelled Hallmark Investments and banned its CEO, Steven Dash, over a scheme to sell shares at fraudulently inflated prices.

* The rising levels of catastrophe losses would make reinsurers' earnings more volatile according to S&P Global Ratings.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.

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