* Bank of America Chairman and CEO Brian Moynihan said that big banks are "fine" with the Dodd-Frank Act, but noted that some adjustments, such as lowering Basel III capital requirements, could be made in the 2010 financial reform law, American Banker reports.

* The U.S. Securities and Exchange Commission rejected a Chinese-tied investor group's bid to acquire the Chicago Stock Exchange.

* Associated Banc-Corp unit Associated Benefits and Risk Consulting is buying Diversified Insurance Solutions, a Wisconsin-based insurance broker.

* St. Louis-based wealth management firm Buckingham Strategic Wealth acquired Deerfield, Ill.-based Stevens Wealth Management, effective Jan. 1.

* Kayne Anderson Energy Development is merging into Kayne Anderson MLP Investment. The latter is changing its name to Kayne Anderson MLP/Midstream Investment.

* Piper Jaffray Cos. has formed a middle-market lending subsidiary, Piper Jaffray Finance.

* Global insurer Prudential Financial's designation as a "systemically important financial institution" will be discussed on Feb. 21 at an executive session held by the Financial Stability Oversight Council, Reuters reports.

* Health and Human Services Secretary Alex Azar told the Senate Finance Committee that he does not know if the Idaho Department of Insurance — which last month decided to allow insurers to sell consumer plans that did not meet the Affordable Care Act's requirements — would approve Blue Cross of Idaho's proposal to offer such consumer plans, The Wall Street Journal reports.

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