On government and regulation
Federal Reserve Bank of Dallas President Robert Kaplan said a "good base case" in 2017 would be three increases to the Fed's benchmark interest rate, adding that he did not rule out more hikes depending on the development of economic conditions.
On litigation
Meanwhile, BofI Holding Inc. and its CEO Gregory Garrabrants are under federal investigation for money laundering, with part of the probe centered on regulatory documents the San Diego-based bank filed with the OCC, sources told the New York Post. Neither the bank nor its chief executive are being accused of any criminal activity, the Post notes.
On M&A
Activist investor Sarissa Capital Management LP wants Innoviva Inc.'s CEO and board to get lesser pay due to the healthcare company's poor stock performance. The asset management
Two Sigma Private Investments and EPIC Insurance Brokers and Consultants, a portfolio company of The Carlyle Group LLC, have committed $60 million in financing to Decisely, an HR and benefits platform for small businesses.
Following its February decision to lower its annual assumptions for investment returns, the California State Teachers' Retirement System's funding level was down to nearly 64% from 68%, and its unfunded liability grew to $97 billion from $76 billion, Reuters reports.
On ratings
S&P Global Ratings also revised the rating outlook on fintech
And in people
In other parts of the world
Asia-Pacific: Ousted South Korean president arrested; YES Bank issues 49B rupees of shares
Europe: NBG, Alpha Bank swing to FY'16 profit; insurers face hit; JPMorgan looks to Dublin
Middle East & Africa: Gordhan sacked; seeking Chase Bank buyers; Hapoalim, Leumi results
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng dipped 0.78% to 24,111.59, and the Nikkei 225 declined 0.81% to 18,909.26.
In Europe, around midday, the FTSE 100 was down 0.55% to 7,328.85, and the Euronext 100 was down 0.27% to 978.67.
On the macro front
The consumer sentiment report, the Chicago PMI, the Baker-Hughes Rig Count and the personal income and outlays report due out today.
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