trending Market Intelligence /marketintelligence/en/news-insights/trending/wk2vw8xaqiqnx6lc4ar7gq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ex-Yadkin bankers planning NC de novo; Fed sanctions Community Trust Bank

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Ex-Yadkin bankers planning NC de novo; Fed sanctions Community Trust Bank

The Federal Reserve slapped Pikeville, Ky.-based Community Trust Bank Inc. with a consent order over its unfair and deceptive practices, requiring the bank to pay approximately $4.8 million in restitution to about 11,000 customers. Community Trust had failed to adequately disclose instructions and the payment system to customers in connection with its offering of deposit account add-on products.

A group of former Yadkin Financial Corp. bankers are organizing a de novo bank, to be called Dogwood State Bank, in Raleigh, N.C., American Banker reports. Steve Jones will serve as the CEO of the new bank, which the group aims to open in the second quarter of 2019. Jones was the former chief banking officer of Yadkin, which sold to F.N.B. Corp. in 2017. He then served as F.N.B.'s chief banking officer for the Carolinas. Jones, meanwhile, is aiming to raise $75 million to $100 million in startup funds, according to the Triangle Business Journal.

Elsewhere, consumer credit company Synchrony Financial reported second-quarter net earnings attributable to common shareholders of 92 cents per share, a 50.8% increase from the year-ago period's 61 cents per share. Net interest income increased 2.7% year over year to $3.74 billion from $3.64 billion, primarily driven by loan receivables growth.

In cryptocurrency news, the SEC again rejected Bats BZX Exchange Inc.'s bid to list and facilitate trading of Winklevoss Bitcoin Trust, an exchange-traded fund based on the value of bitcoin. The agency disapproved the proposal citing concerns about the level of market surveillance.

Discover Financial Services Chairman and CEO David Nelms said the payments processor will continue to cut back on origination activity in personal loans, noting that there is "less opportunity" for near-term profitable growth in that portfolio.

In other parts of the world

Asia Pacific: Ex-China banking regulator sentenced to prison; SBI Life Q1 profit rises

Europe: Sabadell profit down after TSB woes; former Julius Bär exec arrested

Middle East & Africa: More Gulf banks post Q2; Nedbank sees higher results; Greek bank to exit Egypt

Now featured on S&P Global Market Intelligence

BB&T's short shopping list could be stymied by market's deal aversion: BB&T's desire to pursue sizable deals could be derailed as investors have shown enough distaste for large-bank mergers.

E*TRADE takeout still possible as board finalizes 2-year review: Several analysts expect E*TRADE to be up for sale soon as the board's two-year review nears conclusion.

Payment fintechs leave their mark on small business lending: A handful of fintech companies are using data from non-lending relationships to become larger providers of working capital.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng increased 0.08% to 28,804.28, and the Nikkei 225 rose 0.56% to 22,712.75.

In Europe, around midday, the FTSE 100 was up 0.58% to 7,707.50, and the Euronext 100 was up 0.24% to 1,078.64.

On the macro front

The GDP report, the consumer sentiment report and the Baker-Hughes Rig Count report 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.

The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.