trending Market Intelligence /marketintelligence/en/news-insights/trending/OV3pH_7P4QhasbLStg2m_g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Monday Express: Fox, digital lender in $265M deal; Wells ups legal loss estimate

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive


Monday Express: Fox, digital lender in $265M deal; Wells ups legal loss estimate

* Broadcasting giant Fox agreed to acquire San Francisco-based consumer finance marketplace operator Credible Labs in a deal worth approximately $265 million.

* JPMorgan is set to become a controlling stakeholder in its Chinese mutual fund joint venture, while Morgan Stanley is likely to acquire control of its securities joint venture in the country, according to separate filings with the Shanghai United Assets and Equity Exchange, Reuters reports. The buyers were not identified in the filings but JPMorgan Asset Management and Morgan Stanley were reportedly the only bidders for the 2% stakes in China International Fund Management and Morgan Stanley Huaxin Securities, respectively.

* Wells Fargo plans to close the sale of approximately $500 million of "pick-a-pay" purchased credit-impaired loans in the third quarter. In addition, the bank raised its estimate of potential litigation losses to $3.9 billion from $3.1 billion.

* JPMorgan is likely to lead the expected IPO of coworking space giant WeWork's parent, The We, after being selected to head its upcoming debt offering, sources told Reuters.

* Kansas Federal Reserve President Esther George and Boston Federal Reserve President Eric Rosengren, who voted against the July 31 interest rate cut, said that they were unconvinced by the central bank's response to the risks to the U.S. economy's outlook.

* As the Federal Reserve looks at ways to improve its payments system to settle financial transactions instantly, some of the biggest banks in the U.S. worry that the expected system would compete with the instant-payments system launched by them, according to a report in The Wall Street Journal.

* Life and health insurer Prudential Financial unit, Prudential Insurance Co. of America, entered into a longevity reinsurance agreement with London-based life and pensions consolidator Phoenix Group Holdings. The agreement pertains to the coverage of U.K.-based retirees.

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.