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Friday Express: Citi to face charges; Bank of Nova Scotia in C$2.6B deal

* Citigroup and Deutsche Bank expect to face charges over their alleged involvement in cartel conduct.

* In Pennsylvania, Orrstown Financial Services is acquiring Mercersburg Financial in a cash-and-stock deal valued at $32.4 million.

* Bank of Nova Scotia is buying Canadian asset manager MD Financial Management for C$2.59 billion in cash.

* Fulton Financial expects an 18-cents-per-share hit to its second-quarter net income due to credit losses.

* Univest Corp. of Pennsylvania expects to record a charge of up to $13.0 million stemming from alleged borrower fraud.

* Farmers and Merchants Trust of Chambersburg expects an impairment charge of up to $11.5 million related to loan participation interest in the second quarter.

* Investment bank Perella Weinberg Partners is looking to spin off its asset management unit before going public, sources told Bloomberg.

* Funds managed by Corsair Capital have acquired portfolio company Jackson Hewitt Tax Service from Bayside Capital.

* Private equity investment firm Thoma Bravo agreed to acquire a majority stake in security intelligence and analytic company LogRhythm.

* Payment processor Square raised its expected second-quarter net loss per share to 6 cents to 8 cents following its acquisition of ecommerce platform Weebly.

* NI Holdings is acquiring all of Direct Auto Insurance's stock from private shareholders.

* Berkshire Hathaway's GEICO received regulatory approvals for 15 rate increases, which could boost its nationwide premiums by $292.6 million, according to S&P Global Market Intelligence.

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