ThomsonReuters Corp. has acquired WM/Reuters foreign exchange benchmark ratecalculation business of The World Markets Co. plc from
Government debt trades made by two former of are now thesubject of an SEC investigation, the FinancialTimes reports.Andrew Lombara, who served as head of U.S. Treasury trading, and Chi Lee, ajunior Treasury trader, reportedly resigned in January after a dispute with thebank's valuation committee in connection with the amount of reserves taken forcertain Treasury trades.
California Attorney General Kamala Harris filed alawsuit againstMorgan Stanley formisrepresentations of complex investments such as residential mortgage-backedsecurities, in which large pools of home loans were packaged together and soldto investors.
CitigroupInc. plans to do more lending in emerging markets such as Turkey,the Middle East and Africa, as local banks become "less aggressive andpricing has normalized," the FT reports,citing Manolo Falco, Citi's head of corporate and investment banking for theEurope, Middle East and Africa region.
Japan's Mitsubishi UFJ Financial Group Inc. is looking for acquisitionopportunities in the U.S. and Indonesia, Takashi Oyamada, president of coreunit Bank of Tokyo-Mitsubishi UFJLtd., told Reuters.
In peoplenews, Robert Stevens intends to resign, effective April 29, from his position asexecutive vice president and chief risk officer at Costa Mesa, Calif.-basedPacific MercantileBancorp and unit Pacific Mercantile Bank.
James Brownson is set to as chairman of Moline, Ill.-basedQCR Holdings Inc. inMay.
CFO Jennifer Cravens March 31 from Cashmere,Wash.-based Cashmere ValleyBank.
In credit unionmerger news, Augusta, Maine-based KV Federal Credit Union with Waterville, Maine-basedHealth First Federal CreditUnion; and Oswego, N.Y.-based Compass Federal Credit Union with Fulton, N.Y.-basedOswego Heritage FCU.
In the broker-dealerscene, BATS Global MarketsInc. has launched the IPO of 11,200,000 shares of its common stock by certainBATS stockholders. The IPO price per share is expected to be between $17.00 and$19.00.
The common shares of Vancouver, Canada-basedCanaccord Genuity GroupInc. were delistedfrom the London Stock Exchange, effective 8 a.m. London time on April 1.
Specialtylender OneMain HoldingsInc. is selling its 47% interest in SpringCastle to certainaffiliates of New ResidentialInvestment Corp. and funds managed by Blackstone Group LP. Moody's OneMain Holdings' ratingsfollowing the deal announcement.
Early morning futures indicators pointed to a higheropening for the U.S. market. In Asia, the Hang Seng dropped 1.34% to 20,498.92,and the Nikkei 225 fell 0.25% to 16,123.27.
In Europe, as of midday, the FTSE 100 was up 0.76% to6,192.99, and the Euronext 100 increased 0.95% to 862.15.
Onthe macro front
The factory orders report is due out today.
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