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Monday Express: BofA Q3 EPS climbs YOY; 2 Tennessee banks merging

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Monday Express: BofA Q3 EPS climbs YOY; 2 Tennessee banks merging

* Bank of America reported third-quarter earnings per share of 66 cents, up from 46 cents a year ago.

* Cookeville, Tenn.-based banking company B.P.C. is buying Wartburg, Tenn.-based CFB Bancshares, The (Cookeville) Herald Citizen reports.

* Chicago-based BMO Harris Bank will pay $10 million to settle fraud claims against unit Marshall & Ilsley Bank.

* Mariner Holdings Founder Marty Bicknell is selling almost all of the firm's asset management businesses and is planning to shift the firm's focus solely on the wealth advisory side, the Kansas City Business Journal reports.

* The Financial Stability Oversight Council could vote on relieving insurance giant Prudential Financial of federal oversight at an Oct. 16 meeting, sources told Bloomberg News.

* A federal judge ruled that Aetna must face a class action lawsuit accusing it of wrongly denying insurance coverage of electrical brain stimulation to treat depression, Reuters reports.

* Increasing market volatility will make it harder for central banks such as the U.S. Federal Reserve, European Central Bank and Bank of Japan to give clear forward guidance on monetary policy, said Société Générale Chairman Lorenzo Bini Smaghi.

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