* A federal judge in Manhattan rejected racketeering and antitrust claims filed against nine large banks — including Bank of America, Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada — concerning their alleged roles in conspiring to manipulate the Canadian Dealer Offered Rate, Reuters reports.
* Rep. Maxine Waters , D-Calif., said she found it "outrageous and wholly inappropriate" that Wells Fargo rewarded its president and CEO, Timothy Sloan, with a $2 million bonus for 2018, adding that Sloan should be fired instead.
* Morgan Stanley is combining its international wealth management and private wealth management businesses, Barron's reports. The reorganization came after international wealth management head Colbert Narcisse left the firm to join TIAA as wealth management head.
* Fintech firm Envestnet is buying PIEtech, which creates financial planning applications, in an approximately $500 million deal.
* Reliance Global Group unit U.S. Benefits Alliance signed a letter of intent to acquire Medicare field marketing organization Platinum Benefit Advisors.
* Genworth Financial and China Oceanwide Holdings Group again extended their merger closing date to April 30.
* PartnerRe entered into a longevity deal with Manufacturers Life Insurance, under which the former will reinsure longevity risk related to about 25,000 annuitants.
* James Gutierrez, CEO of San Francisco-based payday lender Aura, is suing Oportun Financial, a payday lender he founded in 2005 and led until he was terminated in 2012, claiming he was verbally abused and discriminated on the basis of race, American Banker reports. Oportun denied the allegations and claimed that Gutierrez misappropriated corporate funds during his tenure and abused his position as CEO, according to the report.
* Jay Clayton, chairman of the U.S. Securities and Exchange Commission, said he is not against direct listings, which allow companies to directly place shares on a public exchange.
* The Federal Reserve and the Federal Deposit Insurance Corp. will hold two public meetings on April 25 and May 2 to consider whether they should approve the proposed merger between BB&T and SunTrust Banks.
* The Canadian Securities Administrators and Investment Industry Regulatory Organization of Canada published a consultation paper seeking input on a proposed regulatory framework for crypto-asset trading platforms.
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