Bank of America Corp. reported third-quarter net income applicable to common shareholders
PNC Financial Services Group Inc. posted net income attributable to common shareholders
U.S. Bancorp reported third-quarter net income applicable to common shareholders
Bank of New York Mellon Corp., Ally Financial Inc. and Comerica Inc. have also released their financial results for the third quarter.
Goldman Sachs Group Inc. had unloaded some of its shares in WeWork Cos. Inc. in the run-up to the co-working giant's aborted IPO, Business Insider reports, citing a person with knowledge of the Wall Street bank's actions. This took place at two earlier fundraising rounds when WeWork
Berkshire Hathaway Inc. is asking the Federal Reserve to allow it to increase its stake in Bank of America to more than 10%, Bloomberg News reports. The Warren Buffett-led company plans to remain a passive investor
Citigroup Inc. is calling for more stability in banking regulations in Africa
Arkansas City, Kan.-based Docking Bancshares Inc., the parent company of Union State Bank, is acquiring Newton, Kan.-based Midland Financial Corp. and its unit Midland National Bank, according to a report on NewsCow.net, citing a news release. The deal is expected to close in the fourth quarter, but financial terms of the transaction were not disclosed in the report.
Dayton, Ohio-based Firefighters & Company FCU is in another in-state merger
The Council of Institutional Investors called on the U.S. Securities and Exchange Commission in a letter Oct. 15 to reconsider its recent sets of guidance regarding proxy advisory firms
Fidelity Investments is assessing its association with money manager Ken Fisher as Phildelphia's board of pensions cut its relationship with his firm because of alleged inappropriate remarks about women at a conference last week, Reuters reports.
Domenick Migliorato, a former supervisor of the securities lending desk at Industrial & Commercial Bank of China Financial Services LLC, agreed to settle SEC charges for his supervisory failures involving the improper handling of prereleased American depositary receipts
Amid a swirl of M&A
In other parts of the world
Asia-Pacific: China opens up banking, insurance sectors; Latitude IPO falls through
Europe: Wirecard faces heat; US charges Halkbank over sanctions; German bank raided
Middle East & Africa: Dubai Islamic Bank, Bank Muscat post profits; Wafa Insurance CEO steps down
Now featured on S&P Global Market Intelligence
JPMorgan's Marianne Lake top-paid US bank CFO in 2018: JPMorgan Chase's former CFO, Marianne Lake, was the highest-paid CFO in the U.S. banking industry in 2018, with $14.2 million in total compensation, a 9.3% increase from 2017.
One-off credit issues could torpedo US regional banks' Q3 earnings season: With markets concerned about a potential turn in the economy, one-off credit issues could weigh on U.S. regional banks' third-quarter earnings season.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng increased 0.61% to 26,664.28, and the Nikkei 225 went up 1.20% to 22,472.92.
In Europe, around midday, the FTSE 100 lost 0.12% to 7,201.94, and the Euronext 100 was essentially flat at 1,100.88.
On the macro front
The retail sales report, the Atlanta Fed business inflation expectations report, the business inventories report, the housing market index, the Beige Book and the Treasury international capital report are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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