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The Wednesday Express: Judge denies BofA's motion to dimiss FDIC complaint

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The Wednesday Express: Judge denies BofA's motion to dimiss FDIC complaint

* Bank of America's motion to dismiss a complaint from the FDIC alleging its unit Bank of America NA of underreporting counterparty exposures was denied, Bloomberg News reports.

* A federal judge ruled that Illinois' Cook County, which includes Chicago, can pursue federal Fair Housing Act claims against Wells Fargo over alleged predatory mortgage lending targeting black and Hispanics in Chicago, Reuters reports.

* Goldman Sachs was appointed financial adviser for the sale of U.S. meat processor Tyler Foods' pizza crust business.

* The SEC charged Wedbush Securities for allegedly failing to supervise an employee who used client money to invest in microcap stocks connected to a "pump-and-dump" scheme.

* Oscar Health raised $165 million in a funding round led by Brian Singerman and venture capital firm Founders Fund.

* Genworth Financial and China Oceanwide Holdings again extended their merger agreement's deadline to July 1 from April 1, to allow for additional regulatory reviews.

* And American Family Mutual Insurance entered a 100% quota-share agreement to reinsure Permanent General Assurance and its affiliates' in-force, new and renewal direct and assumed business.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.

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