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The Tuesday Express: North American financials

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The Tuesday Express: North American financials

*Venezuelan President Nicolas Maduro said that "with no warning,"Citigroup Inc.'s Citibank NA willbe closing the foreign currency accounts of the Central Bank andthe Bank of Venezuela in 30 days, according to a report by Reuters.

*KeyCorp is set to add304 First Niagara Financial Group Inc. branches to its own branch network oncethe pending dealbetween the two companies is complete.

*Two former Soros Fund Management LLC employees and a former partner at BluePool Capital recently launched Old Farm Partners, a fundof hedge funds focused on equities and macroeconomic trends, says a sourcefor Bloomberg News.

*Charles Schwab is increasing the headcountat its technology center in south Phoenix by 600, the Phoenix Business Journal reports.

* Columbus, Ga.-based Synovus Financial Corp.named Kevin Blair executive vice president and CFO, effective Aug. 17.

* Melody Feinberg succeeds John Edelen as of Federal Home LoanBank of New York.

* Ina staffreport released yesterday, the U.S. House Financial Services Committeerevealed why the Justice Department decided not to prosecute HSBC Holdings Plcor any of its executives or employees for violations of anti-money launderinglaws and related offenses.

*Rep. Peter DeFazio, D-Ore., is planning to introduce legislation to impose a 0.03%tax on most financial trades, TheHill reports.

*And Sen. Mike Rounds, R-S.D., has introducedthe Taking Account of Institutions with Low Operation Risk Act, a bill torequire federal regulatory agencies to take risk profiles and business modelsof institutions into account when crafting regulations.

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