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The Monday Express: North American financials

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The Monday Express: North American financials

* Eleven SenateDemocrats, led by Richard Blumenthal, Jack Reed and Sherrod Brown, wrote to WellsFargo Chairman and CEO John Stumpf calling on the bank to "stepup" compliance with the Servicemembers Civil Relief Act.

* Speaking ofWells, the City of Seattle has canceleda $100 million financing deal with the bank, The Associated Press reports.

* Citigroupis selling its Argentine consumerbanking operations to La Plata, Argentina-based Banco Santander Río.Citi is also selling its Brazilianretail business to Itaú Unibanco Holding for 710 million reais or roughlyUS$220.2 million.

* In Illinois,First American Bank Corp. is urgingfellow Oak Park River Forest Bankshares stockholders to tender their shares of theOak Park-based company. First American is offering them a price that pegs Oak ParkRiver Forest's value at $29.5 million, Crain's Chicago Business reports.

* Sources toldThe Wall Street Journal that hedge fundPlatinum Partners intends to return about $80million to investors in the months ahead, adding that co-owner Bernard Fuchsis expected to be among initial investors to pull out some of his money.

* After theanticipated separation of MetLife's retail business unit from the parent company,MetLife will tumble from the third-largest global insurer, as measured by totalassets, to the sixth.

* HurricaneMatthew, now a Category 1 storm, made landfall in South Carolina, according to aNational Hurricane Center advisory at 11 a.m. ET on Oct. 8. Before this development,early insured property loss estimates for Matthew were in the , after thestorm had weakened off the U.S. coast and did not make landfall in Florida.

The Daily Dose: Express Edition is updated as of6:30 a.m. ET. Some external links may require a subscription.