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The Tuesday Express: North American financials


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The Tuesday Express: North American financials

* In response to a request from a group of senators, the U.S. LaborDepartment has launched a "top-to-bottom review" of Wells Fargo & Co.'slabor practices, The Wall Street Journalreports, citing a letter from Labor Secretary Thomas Perez.

* MetLife Inc.'s Japanese unit is looking to reduce itsheadcount by offering voluntary retirement packages to about as part ofefforts to streamline its business, TheNikkei reports.

* Blue Cross & Blue Shield of Tennessee will nolonger offer Affordable Care Act plans in the Memphis, Nashville andKnoxville regions in 2017.

* Hedge fund firm Perry Capital will its flagship funds due tostrong market headwinds, according to reports citing a letter sent to investorsyesterday.

* A federal appeals court in New York reversed an earliertrial court's antitrustjudgment against American Express Co., allowing the company tocontinue to prohibitpartner merchants from directing consumers to use credit cards with lower fees,the WSJ reports.

* LendingClub Corp. hired Russell Elmer as , succeedingJason Altieri.

* Karen Peetz, president of Bank of New York Mellon Corp.,plans to retireeffective Dec. 31.

* Former NCUA Chairman Debbie Matz was appointedto the board of Mutual of Omaha Bank, according to a report on,citing Chairman and CEO Jeffrey Schmid.

* New research by Consumer Federation of America revealedthat auto insurance prices are often more closely aligned with personaleconomic characteristics than with drivers' accident and ticket history.

The Daily Dose:Express Edition is updated as of 6:30 a.m. ET. Some external links may requirea subscription.