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US Bancorp closes door on crypto transactions; BofA to move 400 jobs to Paris

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US Bancorp closes door on crypto transactions; BofA to move 400 jobs to Paris

After Berkshire Hathaway Inc. CEO Warren Buffett and JPMorgan Chase & Co. CEO Jamie Dimon confirmed that they have chosen a CEO for the healthcare venture with Amazon.com Inc., CNBC reported that Geisinger Health System CEO David Feinberg was their top pick. However, Feinberg refuted CNBC's report, saying that he will remain in his current role at Geisinger Health.

Bank of America Corp. intends to move more jobs to Paris from London beginning in early 2019, as part of the bank's Brexit preparations, Reuters' sources say. They say about 400 employees in the bank's markets, trading, sales and fixed income divisions are affected.

U.S. Bancorp told S&P Global Market Intelligence that it will no longer process credit card transactions with identified cryptocurrency dealers to protect customer accounts and hedge the "high risk associated with these anonymous [cryptocurrency] exchanges."

F.N.B. Corp. is selling consumer finance unit, Regency Finance Co., to Mariner Finance LLC

Manistique, Mich.-based Mackinac Financial Corp. is buying Merrill, Wis.-based Lincoln Community Bank for $8.5 million in cash. The deal is expected to close in the third quarter.

Brookfield Asset Management Inc. is looking to sell its North America-focused industrial property business, sources told Bloomberg News. The Canadian asset manager has already talked to banks regarding a potential sale.

And R3, an enterprise blockchain software company, denied claims in a Fortune article that the consortium is running out of money. In an emailed statement, R3 called the claims "categorically untrue," adding that it has raised more than $120 million from more than 45 institutions to date.

In other parts of the world

Asia Pacific: Australia's Prospa delays IPO indefinitely; UK firm to invest in Indian PE fund

Europe: Lloyds exits Standard Life Aberdeen; Deutsche Bank to sell $3B energy loans

Middle East & Africa: Atlas Mara Q1 profit rises YOY; Moody's lowers Cameroon outlook

The day ahead

Early morning futures indicators pointed to a lower opening for the U.S. market.

In Asia, the Hang Seng declined 1.76% to 30,958.21, and the Nikkei 225 decreased 0.56% to 22,694.50.

In Europe, around midday, the FTSE 100 was down 0.66% to 7,653.51, and the Euronext 100 was down 0.40% to 1,053.12.

On the macro front

The wholesale trade report and the Baker-Hughes Rig Count 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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