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The Thursday Express: Century Next to buy Ark. bank for $12.8M

* The Federal Reserve's vice chairman for supervision, Randal Quarles, said the central bank should consider decreasing a set of capital requirements for the U.S. subsidiaries of large foreign banks.

* The San Francisco Fed began its search for a new president and CEO as its current head, John Williams, prepares to leave for the New York Fed next month.

* Goldman Sachs has launched a global training initiative, known internally as the "Chairman's Forum," to retain its "pre-IPO culture," according to Reuters.

* Ruston, La.-based Century Next Financial agreed to buy Crossett, Ark.-based Ashley Bancstock for about $12.8 million.

* KS Bancorp settled all its outstanding litigation and disputes with First Citizens BancShares in connection with the latter's alleged takeover bid.

* Toronto-based Home Trust received a two-year C$500 million funding commitment from two Canadian Schedule 1 banks.

* Private equity firms Vista Equity Partners Management and Thoma Bravo are aiming to raise buyout funds of $12 billion and $10 billion, respectively, sources told The Wall Street Journal.

* The joint healthcare venture between, Berkshire Hathaway and JPMorgan is struggling to find a CEO, CNBC reports. The group is now looking for an entrepreneur after initially interviewing healthcare executives, sources say.

* Assured Guaranty and Assured Guaranty Municipal are pushing the Financial Oversight and Management Board for Puerto Rico to revoke its approval of the island's revised fiscal plan. The companies say the latest fiscal plan violates several U.S. and Puerto Rico laws.

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