The OCC, in December 2017, completed a review of sales practices at more than 40 banks
Investment manager
OppenheimerFunds Inc. has teamed up with Carlyle Group LP to launch a private debt interval fund, according to Reuters. The fund, called OFI Carlyle Private Credit Fund, invests in several private debt securities, including direct lending first- and second-lien loans.
Calgary, Alberta-based Olympia Financial Group Inc. unit Olympia ATM Inc. is selling its automated teller machine business to Tarman Inc. for about $1.4 million. Olympia Financial President, CEO and Chairman Rick Skauge owns and controls Tarman. Skauge also beneficially owns, or directly or indirectly controls, approximately 29.14% of Olympia's issued and outstanding common shares.
And the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit will hold a hearing
In other parts of the world
Asia Pacific: PICC Group's Shanghai IPO gets nod; StanChart eyes Asian ops consolidation
Europe: BoE wants banks to draw resolution plans; US funds bid for Banco BPM loans
Middle East & Africa: Fitch lifts Qatar outlook; Mashreqbank seeks Saudi banking license
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng was up 0.53% to 31,259.10, while the Nikkei 225 rose 0.38% to 22,625.73.
In Europe, around midday, the FTSE 100 rose 0.37% to 7,716.06, and the Euronext 100 shed 0.14% to 1,061.64.
On the macro front
The bank reserve settlement report, the MBA mortgage applications report, the international trade report, the productivity and costs report, the EIA petroleum status report and Treasury STRIPS 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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