In Texas, WSB Bancshares Inc. is looking to take direct control
First Trust & Savings Bank of Albany Illinois agreed to merge
Baton Rouge, La.-based Investar Bank NA is buying PlainsCapital Bank's Victoria and Alice branches in Texas, according to the Greater Baton Rouge Business Report. Pursuant to the transaction, expected to close in the first quarter of 2020, Investar Bank will acquire $42 million in deposits, $52 million in loans and about $2 million in property and equipment.
Capital One Financial Corp. agreed to acquire investment banking firm KippsDeSanto & Co. in a deal
Goldman Sachs Asset Management LP's Petershill program made a nonvoting minority equity investment
Eric Rosengren, president of the Boston Federal Reserve, who voted against the Fed's July 31 rate cut
Bob Fehlman, CFO of Simmons First National Corp. that has an extensive acquisition history, said in an interview that the new accounting standard known as the current expected credit loss, or CECL
INX Ltd., a Gibraltar-based firm that is developing a regulated solution for trading blockchain assets that will initially include a cryptocurrency
In his latest tweet about the Federal Reserve, President Donald Trump criticized the central bank and Fed Chairman Jerome Powell
In other parts of the world
Asia-Pacific: China local debt sales; DHFL resolution plan; Westpac customer refunds
Europe: ECB hack warning; Jyske earnings; SocGen to take part in cum-ex trial
Middle East & Africa: Zenith Bank profit up; Fitch downgrades Lesotho; Sanlam expects lower earnings
Now featured on S&P Global Market Intelligence
Bank stocks hit hard in August as yield curve worries rise: A widened negative spread between 10-year and 3-month U.S. Treasury yields has resulted in bumpy returns for U.S. banks and thrifts so far in August.
Loan growth at 10 largest US banks lagged industry in Q2'19: Total loans and leases at the 10 largest U.S. banks by assets grew only 1.0% in the second quarter, compared to the wider industry's 1.5% growth. Among the four largest U.S. banks, Bank of America NA reported the largest quarter-over-quarter increase in loans at 2.0%.
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, Hang Seng dropped 0.23% to 26,231.54, while the Nikkei 225 gained 0.55% to 20,677.22.
In Europe, around midday, the FTSE 100 climbed 0.43% to 7,220.27, and the Euronext 100 rose 0.07% to 1,045.99.
On the macro front
The Redbook Index for retail sales is 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.
The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.
