The White House has nominated Elad Roisman, chief counsel for the U.S. Senate Committee on Banking, to be the next commissioner of the Securities and Exchange Commission, Pensions & Investments reports. Current SEC Commissioner Michael Piwowar is expected to leave the regulatory
Legg Mason Inc. is set to pay $64.2 million to settle the U.S. Department of Justice's probe into the asset management
Banking technology
U.S. private equity
Coinbase Inc. is entering the Japanese virtual currency market. The U.S.-based cryptocurrency exchange operator
In banking
Australian authorities charged Citigroup Inc. unit Citigroup Global Markets Australia Pty Ltd. with criminal cartel offenses related to a share placement by Australia & New Zealand Banking Group Ltd. in 2015. Criminal charges were laid against John McLean, Citi's head of capital markets origination for Australia and New Zealand; Itay Tuchman, previously head of Citi Australia's global markets division and current head of global foreign exchange trading; and Stephen Roberts, former country head of Citi Australia, Bloomberg News reports. Citigroup was one of the underwriters of the share issue.
In other parts of the world
Asia Pacific: Japan's Daido Life in Australian M&A; Fitch downgrades Punjab National Bank
Europe: UK raises £2.5B from RBS stake sale; SocGen settles US probes for $1.3B
Middle East & Africa: Cerberus bids for Abraaj's PE unit; Deutsche Bank to scale back in South Africa
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, Hang Seng gained 0.31% to 31,093.45, while the Nikkei 225 rose 0.28% to 22,539.54.
In Europe, around midday, the FTSE 100 slipped 0.33% to 7,715.60, while the Euronext 100 went up 0.55% to 1,070.93.
On the macro front
The Redbook, the US Services Purchasing Managers' Index, the Institute For Supply Management nonmanufacturing index and the Labor Department's JOLTS report are due out today.
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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.
