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Thursday Express: OCC probing Citi; Investar acquiring Mainland Bank for $19.9M

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Thursday Express: OCC probing Citi; Investar acquiring Mainland Bank for $19.9M

* President Donald Trump criticized the Federal Reserve's continued interest rate hikes, saying the U.S. central bank has "gone crazy," CNBC reports.

* The Office of the Comptroller of the Currency is investigating whether Citigroup violated fair lending standards, sources told Reuters.

* As current Chairman Mike O'Neill reaches the company's retirement age, Citigroup will soon have to decide whether it should give the role to CEO Mike Corbat or appoint another person, Reuters reports.

* Wells Fargo has doubled down on its lobbying efforts in Washington D.C., expanding its presence in the national capital and taking up several charitable causes, Reuters reports.

* Investar Holding is acquiring Mainland Bank in a deal valued at $19.9 million.

* Asset manager BlackRock is investing up to $400 million on behalf of its clients in a private equity fund raised by Gallatin Point Capital, sources told The Wall Street Journal.

* The U.S. Supreme Court decided that it will not hear a case over whether the largest U.S. stock exchanges favor high-frequency traders.

* Maiden Holdings is selling its U.S. casualty facultative reinsurance team to Sompo Group.

* MS&AD Insurance Group has formed MS&AD Ventures Inc., a corporate venture capital company.

* Ascot Group has launched Ascot Insurance U.S., an admitted and surplus lines insurance business. The insurance company has also completed its acquisition of Greyhawk Insurance.

* Craig Phillips, counselor to Treasury Secretary Steven Mnuchin, said he was "disappointed" in the state regulators' reaction to the department's fintech report supporting the OCC's plans to create a national fintech charter, American Banker reports.

* The full Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on the cryptocurrency and blockchain ecosystem at 10 a.m. ET today.

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