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The Tuesday Express: North American financials


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The Tuesday Express: North American financials

* On the earnings front, KeyCorp, Popular Inc.,FirstMerit Corp., KKR & Co. LP, T. Rowe Price Group Inc. and Ally FinancialInc. are among those reporting quarterly results today.

* Elizabeth Warren and Bernie Sanders reiterated callsto break up big banksduring the opening night of the Democratic National Convention in Philadelphia.

* The U.S. Government Accountability Office releasedthe results of a study on the Consumer Financial Protection Bureau's newmortgage-servicing rules and recommended that the CFPB come up with specific metrics,baselines and analytical methods in order to measure the effects of the newregulations.

* The CFPB has given the financial industry extra timeto comment publicly on its proposed payday loan rule, extending the commentdeadline to Oct. 7from Sept. 14.

* An investigation into leaked Federal Reserve documents thatled to the conviction of a former Goldman Sachs Group Inc. employee could leadto action against the bank, sources told TheNew York Times.

* Lacey, Wash.-based Anchor Bancorp engaged KeefeBruyette & Woods to help it identify and assess strategic options and operating scenarios tomaximize shareholder value, including a potential sale or merger.

* Washington, N.C.-based First South Bank isbuying a portfolio ofmortgage servicing rights of 452 Freddie Mac and Fannie Mae loans.

* Connecticut-based insurer Cigna Corp. is poised toreceive $1.85 billionas a "reverse termination fee" if its planned sale to Anthem Inc.falls through.

* The market for multiperil crop insurance may be duefor another shakeup as Everest Re Group Ltd. said that it entered a Heartland Crop Insurance Inc. to CGB Diversified Services Inc.

* Opus Bank will pull back its tech-focused lending after credit costs inthe lending segment hit the company's second-quarter earnings.

* Fifth Third Bancorp chief legal officer andcorporate secretary Heather Koenig late in the week of July 18, sources told The Wall Street Journal.

* Eusebio Cordova was named senior vice president andchief credit officerof Santa Barbara, Calif.-based American Riviera Bank.

* Unexpected family matters prompted Tri-State Bank ofMemphis CEO Christine Munson to leave the bank in July, the Memphis Business Journal reports.

* Mutual Bank CFO Richard Spencer is set to becomeCEO of the Whitman,Mass.-based bank by the end of 2016, the BostonBusiness Journal reports.

* Bridgehampton, N.Y.-based Bridge Bancorp Inc. namedPrincipal Accounting Officer and CFO Howard Nolan to serve as , with John McCaffery set totake over as CFO.

* Robert Herrington was named of Maddock, N.D.-basedNorth Star Community Credit Union, replacing Cindy Hegland, who retired, Minot (N.D.) Daily News reports.

TheDaily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external linksmay require a subscription.