Asset management firm
Separately, Goldman Sachs Group Inc. reportedly landed a role in the proposed IPO of Colonial First State Global Asset Management. Goldman Sachs will join JPMorgan Chase & Co. and UBS Group AG in managing the potential listing of the Commonwealth Bank of Australia unit, which is likely to launch late this year, The Australian writes.
In Brexit
Two former advisers at Morgan Stanley pleaded guilty to defrauding clients, Reuters reports, citing federal prosecutors. James Polese and Cornelius Peterson admitted to using, without permission, $500,000 from the accounts of two clients to invest in a wind farm project.
In other people
In Michigan, Honor CU of Berrien Springs and Citizens State Bank of Ontonagon have terminated their proposed merger, the Credit Union Times reports.
Fintech company
In other parts of the world
Asia-Pacific: South Korea files charges against 5 banks; Chinese bank raises 2.53B yuan in IPO
Europe: Telefónica hit dents BBVA's Q4'17 profit; EU-wide bank stress test launched
Middle East & Africa: Capitec shares fall after Viceroy report; Commercial Bank sets focus on Turkey
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng was down 0.75% to 32,642.09, while the Nikkei 225 rose 1.68% to 23,486.11.
In Europe, as of midday, the FTSE 100 slid 0.03% to 7,531.36, while the Euronext 100 was up 0.38% to 1,067.00.
On the macro front
The motor vehicle sales report, the Market Focus report, the jobless claims report, the PMI Manufacturing index, the ISM manufacturing index, the EIA natural gas report, the Fed balance sheet and the money supply report are due out today.
The Daily Dose is updated as of 7:30 a.m. ET. Some external links may require a subscription.
