* New York-based hedge fund Tourbillon Capital Partners is shutting down owing to continued underperformance of funds, CEO Jason Karp said in a letter to clients, Reuters reports.
* Goldman Sachs Group's online lending platform, Marcus, cut its lending target for 2019 based on the current conditions of the consumer lending market, Bloomberg News reports.
* JPMorgan Chase is likely to open its first branch in the Greater Baltimore area in mid-2019 or earlier, the Baltimore Business Journal reports, citing Rob Robertson, the bank's regional head of home lending.
* As part of its efforts to secure more business, Goldman Sachs is shifting senior bankers to its regional offices to help them stay closer to clients, CNBC reports.
* FINRA barred former Morgan Stanley broker Kevin Smith for refusing to provide testimony in the agency's probe into a trade-related allegation, according to a FINRA order.
* And Fannie Mae named Hugh Frater interim CEO, effective Oct. 16, subject to final Federal Housing Finance Agency approval.
The Daily Dose: Express Edition is updated as of 6:30 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.