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Friday Express: Group plans New York de novo; former exec sues Goldman


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Friday Express: Group plans New York de novo; former exec sues Goldman

* A group comprised of former and current executives of Pasadena, Calif.-based East West Bancorp is planning to open a de novo bank, to be called Piermont Bank, in New York, American Banker reports.

* Sen. Brian Schatz, D-Hawaii, urged Wells Fargo to provide additional information regarding an error that resulted in customers losing their homes to foreclosure.

* Piper Jaffray analysts said Walla Walla, Wash.-based Banner Corp. and Billings, Mont.-based First Interstate BancSystem are potentially interested in buying Wells Fargo's $1 billion of deposits in the Pacific Northwest and broader Western region.

* Columbus, Ohio-based Huntington Bancshares is acquiring Chicago-based public finance investment bank and broker/dealer Hutchinson Shockey Erley.

* Performant Financial agreed to acquire Premiere Credit of North America, which provides recovery services to government, student loan and commercial clients.

* Christopher Rollins seeks at least $50 million from Goldman Sachs Group — where he formerly co-headed trading execution for Europe, the Middle East and Africa — alleging that the investment bank violated his rights as a whistleblower, Reuters reports.

* U.S. Securities and Exchange Commissioner Hester Peirce said most of the opinions focused on the underlying asset, bitcoin, when the SEC denied a recently proposed bitcoin exchange-traded fund.

* Meanwhile, Commissioner Robert Jackson Jr. said cryptocurrency markets are "far too young" for products such as exchange traded funds.

* Cigna said activist investor Carl Icahn's opposition to the health insurer's purchase of Express Scripts is "motivated by a desire to profit" from shorting the pharmacy benefit manager.

* Despite Icahn's opposition, Cigna shareholder Glenview Capital Management has expressed support for the deal with Express Scripts.

* Massachusetts Mutual Life Insurance is exploring a potential sale of its unit, asset manager OppenheimerFunds Inc., sources told Bloomberg News.

* Bank of Nova Scotia seeks to expand the offerings of recently acquired Jarislowsky Fraser beyond Canada, with the money manager to potentially pursue more global investing opportunities, Bloomberg reports, citing Glen Gowland, Scotiabank executive vice president of global wealth management.

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