In Iowa, Central Bancshares Inc. agreed to acquire Walcott Trust and Savings Bank in a deal
Elsewhere in New York, National Holdings Corp., a full-service investment banking
As banks continue to keep away from the cannabis
House Financial Services Committee Chairwoman Maxine Waters, D.-Calif., continues to have doubts about Facebook's proposed cryptocurrency
The final version of the Volcker rule
The Securities and Exchange Commission's Commissioner,
An American Banker report points out that banks are trying to add and retain key talent
In other parts of the world
Asia Pacific: Japan megabanks MOUs; Orix bank sale talks; India central bank surplus transfer
Europe: LendInvest delays IPO; Deutsche's India expansion; Bank of Cyprus sees H1 profit
Middle East & Africa: Nigeria sets bad-loan limit for banks; South Africa's JSE in 224.5M rand deal
Now featured on S&P Global Market Intelligence
Bank M&A 2019 Deal Tracker: CIT-Mutual of Omaha Bank deal largest in August : The number of U.S. bank deals is still down slightly in 2019, but deal value has skyrocketed this year thanks to the announced merger of BB&T Corp. and SunTrust Banks Inc., the largest deal in more than a decade.
Community banks feel the pressure as credit unions grow : Credit unions are growing at a faster clip than banks, and the nation's largest, Navy FCU, recently surpassed $100 billion in assets. Credit unions are also increasingly acquiring banks. Both factors are further exacerbating longstanding tensions between the two industries.
JPMorgan Chase 'playing catch-up' with North Carolina expansion plan : The largest bank in the country opened its first branch in North Carolina on Aug. 7 and plans to add 39 more branches and 80 ATMs in the state over the next three years. But experts say it will be playing catch-up with the expansion plan.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng fell 0.06% to 25,664.07, and the Nikkei 225 rose 0.96% to 20,456.08.
In Europe, around midday, the FTSE 100 was down 0.19% to 7,081.68, and the Euronext 100 was up 0.20% to 1,039.93.
On the macro front
The Redbook Index for retail sales, S&P Corelogic Case-Shiller home price index, the Federal Housing Finance Agency house price index, the consumer confidence index and the Richmond Fed Manufacturing Index 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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