* High Desert Bank will merge with Right Start Mortgage in a stock swap, The Bulletin reports. The deal is expected to close by June 30.
* Federal Reserve Governor Jerome Powell is in charge of regulating Wall Street after Daniel Tarullo's departure, an assignment likely to be temporary pending President Donald Trump's nomination of a vice chairman of banking supervision at the Fed, Bloomberg News reports.
* The Office of the Comptroller of the Currency took away supervisory powers from Bradley Linskens, senior bank examiner for Wells Fargo & Co., sources told Reuters, adding that his removal was related to the bank's widespread sales malpractice that erupted in September 2016.
* Proxy advisory firms Institutional Shareholder Services and Glass Lewis urged Bank of America shareholders to vote on a proposal that would separate the chairman and CEO roles at the company, The Wall Street Journal reports.
* On insurance, a discussion draft of a bill that would require international insurance agreements to be scrutinized under Congress' authority was circulated around Capitol Hill on April 7. Currently, the Treasury Department and U.S. Trade Representative have the authority to handle international insurance deals.
* British insurance regulators are meeting with U.S. policy experts and state insurance regulators this week, with the meetings aimed at weighing the direction of insurance regulation in the U.S. under the Trump Administration and at the state level, say sources familiar with the meetings.
* In the specialty lending scene, Triton Aviation Finance has engaged Latham & Watkins as legal counsel to assist the firm in evaluating its strategic alternatives, which include a liquidation and distribution of its remaining assets pursuant to an equitable proceeding under state law.
The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.