Aircastle Ltd.'s board is evaluating strategic alternatives
On Deck Capital Inc. posted third-quarter EPS of 11 cents, down from 12 cents in the year-ago period. T. Rowe Price Group Inc. reported third-quarter adjusted net income attributable to the company of $521.7 million, or $2.13 per share, up from $505.0 million, or $1.99 per share, in the year-ago period. Huntington Bancshares Inc. also reported quarterly results this morning.
Visa Inc. and Capital One Financial Corp. are also expected to report earnings today.
Federal Reserve Bank of New York has decided to increase the value of the overnight repurchase agreement
Goldman Sachs Group Inc. dismissed Martin Weber, a senior banker in the Middle East, over alleged compliance violations
North American banks fear losing up to 15% of their payments revenue over the next three years to big technology companies and financial technology upstarts, MarketWatch reports, citing a survey done by consulting firm Accenture. Of the expected $88 billion loss in North America payments revenue, about $82 billion is attributable to U.S. banks and $6 billion to Canadian banks. Continued pricing compression poses another threat to North American banks' payments revenue, according to the report.
U.S. District Judge Colleen McMahon is expected to put an end to a decade-old Libor-rigging scandal
Michael Cohn, former examiner for the U.S. Securities and Exchange Commission and chief compliance officer at GPB Capital Holdings LLC, has been charged
In other parts of the world
Asia-Pacific: China to expand financing regulation; S&P: contagion risk in Indian finance up
Europe: Nordea, RBS post losses; Bankia, ING urged to merge; SocGen sells Nordic unit
Middle East & Africa: Zenith Bank results out; Bank Audi charged; Lebanese banks remain shuttered
Now featured on S&P Global Market Intelligence
Financial plumbing prone to clogging amid bank liquidity trap : Recent dislocation in the U.S. repo markets suggests regulations have effectively trapped big banks' liquidity and prevented them from taking advantage of the opportunity to lend at attractive rates.
For American Express, privileges of membership have a price: Growth in customer acquisition and engagement do not come without associated costs in today's intensely competitive U.S. credit card market.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng jumped 0.87% to 26,797.95, while the Nikkei 225 was up 0.55% to 22,750.60.
In Europe, around midday, the FTSE 100 increased 0.69% to 1,099.00, and the Euronext 100 increased 0.68% to 1,098.98.
On the macro front
The durable goods orders report, the jobless claims report, the PMI composite FLASH report, the new home sales report, the EIA natural gas report, the Kansas City Fed manufacturing index, the Fed balance sheet and the money supply 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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