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Wednesday Express: JPMorgan wins French court ruling; 2 California CUs merging

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Wednesday Express: JPMorgan wins French court ruling; 2 California CUs merging

* President Donald Trump again expressed his displeasure with the Federal Reserve's decision to continue to increase interest rates, but said that he hasn't spoken with Fed Chairman Jerome Powell about it, The Wall Street Journal reports.

* New York Fed President John Williams expects the central bank to bring interest rates to normal or neutral levels over the "next year or so," according to WSJ.

* In an interview with the Journal, Dallas Fed President Robert Kaplan underscored the importance of Fed independence, saying "one of the marks of a successful country is an independent central bank."

* JPMorgan won a ruling at France's Cour de Cassation over a complaint ordering the company to stand trial for allegedly helping clients commit tax fraud, Bloomberg News reports.

* J.P. Morgan Securities fired Trevor Rahn, a broker accused of making unauthorized trades in a customer's account, The New York Times reports.

* In Massachusetts, Bridgewater CU and Merrimack Valley CU are again pursuing a merger after a federal court rejected their first merger attempt, Boston Business Journal reports.

* Laguna Niguel, Calif.-based FedONE FCU is seeking to merge with Anaheim, Calif.-based Credit Union of Southern California.

* In California, Hamilton FCU is seeking to merge wtih Community First CU.

* Digital Asset Holdings CEO Blythe Masters said blockchain technology is making its way into the commodity market, Bloomberg News reports.

* A study conducted by Juniper Research found that the value of annual bitcoin transactions will continue to dive futher from the latter half of 2019.

* Citizens Property Insurance appears to be prepared for the forecasted landfall of Hurricane Michael in Florida.

The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.