San Francisco-based payments processor Square Inc. filed a lawsuit
In Virginia, First Community Bankshares Inc. agreed to acquire Highlands Bankshares Inc. and unit Highlands Union Bank in an all-stock
Elsewhere, in Rhode Island, Navigant CU is buying all assets and will absorb members of Kent Hospital FCU in a merger that is expected to close by early 2020, the Providence (R.I.) Business News reported, citing Navigant CU spokesman Tim Draper.
Pioneer Bancorp Inc. (MHC) has recently learned of potentially fraudulent activity
Morgan Stanley CFO Jonathan Pruzan warned of a drop in the investment bank
The Federal Housing Finance Agency Director Mark Calabria is "extremely hopeful" that a blueprint for recapitalizing
And the U.S. House Committee on Financial Services has scheduled a hearing
In other parts of the world
Asia Pacific: HK bourse proposes to UK exchange; KKR to list Australia fund
Europe: LSE gets £32B bid; HSBC mulls French retail arm sale; Bankia trial delayed
Middle East & Africa: Kenyan rate cap under debate; Access Bank targets unbanked Nigerians
Now featured on S&P Global Market Intelligence
Morgan Stanley, UBS, Deutsche see worst drops in weak Q2 for i-bank revenues: U.S. group Morgan Stanley, Switzerland-based UBS Group AG, and German peer Deutsche Bank AG recorded the steepest year-over-year declines in second-quarter trading revenues among the top global investment banks.
World's big investment banks poised to keep slashing trading jobs: A handful of U.S. and European investment banks this year have already announced thousands of personnel cuts across their organizations, with many companies taking aim at their trading businesses in particular.
Key capital ratio for US 'advanced approaches' banks ticks up in Q2'19: Eight of 10 U.S. "advanced approaches" banks reported improved common equity Tier 1 capital ratios as of June 30. The median CET1 ratio for the group was 11.93%, up from 11.92% in the linked quarter and 11.74% a year earlier.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng dropped 0.26% to 27,087.63, and the Nikkei 225 rose 0.75% to 21,759.61.
In Europe, around midday, the FTSE 100 was up 0.02% to 7,339.28, and the Euronext 100 climbed 0.13% to 1,087.33.
On the macro front
The consumer price index, the jobless claims report, EIA natural gas report, the treasury budget report, the Fed balance sheet and the money supply report are due out today.
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.
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