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The Friday Express: North American financials


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The Friday Express: North American financials

* Sen. Elizabeth Warren, D-Mass., asked the CEOs of 16 financial companies — including Wells Fargo, JPMorgan and Citigroup — whether they think the Consumer Financial Protection Bureau's restriction on forced arbitration clause should be overturned.

* OceanFirst Financial's pending acquisition of Sun Bancorp is facing at least three lawsuits alleging that the latter's board was in breach of its fiduciary duty.

* Walter Investment Management's future is in "substantial doubt" as it works through several issues affecting its business, liquidity and financials. The company is considering a prepackaged reorganization plan under Chapter 11 of the bankruptcy code.

* Due to clients relying less on call center services, Capital One is planning to cut down around 400 jobs from the company's service operations in its Rolling Meadows, Ill., office, Chicago Tribune reports.

* Digital asset exchange company Coinbase raised $100 million in Series D funding in its latest offering led by IVP.

* President Donald Trump is blaming Senate Majority Leader Mitch McConnell, R-Ky., for the Senate's failure to pass a legislation that would repeal and replace the Affordable Care Act.

* The board of Green Mountain Care approved a 9.2% rate increase — lower than the company's requested 12.7% rate hike — for Blue Cross Blue Shield of Vermont health plans sold through Vermont's online benefit exchange.

* And healthcare insurance premiums will likely increase significantly for many Americans due to uncertainty surrounding the Trump administration's oversight of the Affordable Care Act, according to an analysis by the Henry J. Kaiser Family Foundation.

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