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In This List

Thomson Reuters selling intellectual property, science biz for $3.55B; First Hawaiian registers for IPO

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Thomson Reuters selling intellectual property, science biz for $3.55B; First Hawaiian registers for IPO

isselling itsintellectual property and science business to private equity funds affiliatedOnex Corp. and BaringPrivate Equity Asia for $3.55 billion in cash.

Friday's bigM&A news was Cathay GeneralBancorp's purchase of SinoPac Bancorp for $340million — adding twomore Los Angeles-based banks to the merger scene. This year so far, the deallist (pending and completed) has included 1st Century Bancshares Inc., , , , ,RBB Bancorp,PBB Bancorp,BBCN Bancorp Inc. andWilshire Bancorp Inc.

In Washington,Commencement Bank($177.2 million) and ThurstonFirst Bank ($130.7 million) signed on for a .

Kansas'Stockton BancsharesInc. subsidiaries, Stockton National Bank and , are combiningto form Solutions NorthBank.

Paris-basedBNP Paribas SA latelast year said it was looking at strategic alternatives for its . Now the latter's holdingcompany, First HawaiianInc., has finally filed for an IPO.

is expanding in fixed-incomeeven as rivals downsize their teams. The bank's executives told Bloomberg Newsthey plan to hire "opportunistically," though with no headcounttarget just yet.

PiperJaffray's Kevin Barker comments on a third quarter-over-quarter increase in theManheim Used Vehicle Price index and the near-term boost it gives ,Citizens Financial GroupInc., HuntingtonBancshares Inc. and BB&T Corp.

And kickedoff this earnings week. The Arkansas-based bank reported second-quarternet income availableto common stockholders of $54.5 million, or 60 cents per share. Nonperformingassets were 0.25% of total assets, down from 0.49% a year ago. Provision forloan and lease losses increased 12% to $4.8 million over the same period. Bankof the Ozarks recently received to buy C1 Financial Inc. and Community & Southern Holdings Inc. It hasgrown its portfolio bymore than 30% since the first quarter of 2015.

News wasfarther abroad for the bigger banks.JPMorgan Chase &Co., for example, is said to be launching a investment fund in Brazil.And The Wall Street Journal has apiece on the "yearsof red ink" CitigroupInc.'s consumer business has suffered in China, its related branchclosures and how the bank's senior executives are reportedly worrying about thedelayed payoff of that investment.

The Financial Times identified FranklinTempleton as the asset manager withthe most outflows in Europe. Withdrawals since January totaled €12billion — €3 billion of that in May.

On the otherhand, BlackRock Inc.and Grosvenor Capital ManagementLP scored work for South Korea's National Pension Service, whichReuters notes is the third-largest pensionfund globally.

The Federal Reserve andother U.S. regulators are said to be considering minimum requirements for banks.

On Capitol Hill, a busy week ahead: Hearingstomorrow will be on the FinancialCHOICE Act and on onlinemarketplace lending, with The Clearing House's Jeremy Newell, Texas BankersAssociation's Jim Purcell, the Credit Union National Association's Jim Nussle,Prosper Funding LLC'sSachin Adarkar and the American Bankers Association's Rob Nichols among thepanelists. On Wednesday and Thursday, it will be hearings on HUDaccountability and the FSOCand nonbank designations, respectively.

In other parts of the world

Asia-Pacific:

Europe:

Middle East& Africa: Ivorian bank's stake sale; Mozambique's downgrade

The day ahead

Earlymorning futures indicators pointed to a higher opening for the U.S. market.

In Asia, theHang Seng rose 1.54% to 20,880.50, while the Nikkei 225 increased 3.98% to15,708.82.

In Europe,around midday, the FTSE 100 was up 0.73% to 6,638.48 and the Euronext 100 0.68%to 844.46.

On the macro front

TheLabor Market Conditions index is due out today.

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