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The Thursday Express: JPMorgan unit fined; Atlantic Capital selling trust biz

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The Thursday Express: JPMorgan unit fined; Atlantic Capital selling trust biz

* The Financial Industry Regulatory Authority hit J.P. Morgan Securities with a $2.8 million fine over alleged violation of the Securities and Exchange Commission's customer protection rule.

* Goldman Sachs Group has denied a Financial Times report that it has chosen Dublin as its hub for its European asset management business post Brexit, CBS News reports.

* An investor group is buying Chattanooga, Tenn.-based Atlantic Capital Bank's Southeastern Trust Co. The investor group is led by D. Michael Kramer, former president of the bank.

* Average credit card debt is up 9% since 2015, according to the Consumer Financial Protection Bureau's biennial report.

* New York Gov. Andrew Cuomo has proposed new consumer protections for life insurance sales. The proposed Department of Financial Services regulation would adopt a "best interest" standard for licensed sellers of life insurance and annuity products.

* Insurers are looking for alternative ways to offer long-term care policies to individuals as companies exit the LTC market.

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