New York-based CIT Group Inc. unit CIT Bank NA agreed to acquire Mutual of Omaha Bank in a $1 billion cash-and-stock deal.
Coral Gables, Fla.-based Marquis Bank will combine with Professional Bank in a deal expected to close later in 2019 or at the beginning of 2020. Terms of the transaction were not disclosed. The combined entity will retain the Professional Bank name and will have approximately $1.6 billion in assets.
Elsewhere, in Illinois, Consumers Cooperative CU and Andigo CU are set to merge later in 2019. The combined organization, which will be headed by Consumers CEO Sean Rathjen, is expected to have over $2.1 billion in assets.
Citigroup Inc. is winding down its Citi Credit Opportunities team, which was formed in 2008, Business Insider reports.
The Securities and Exchange Commission again delayed its decision on approving two Bitcoin exchange-traded funds.
Additionally, the SEC charged Bill Tsai for insider trading
New York City-based Warlander Asset Management LP, which owns $25 million of Illinois general-obligation bonds and filed a suit seeking to have $14.3 billion of Illinois bonds
Vanguard Group Inc.'s biggest sustainable exchange-traded fund
In other parts of the world
Asia Pacific: China resumes open market operations; NZ legalizes cryptocurrency salaries
Middle East & Africa: Mizrahi Tefahot Q2 profit rises; Euroclear joins TASE; Discovery shares slump
Now featured on S&P Global Market Intelligence
Nonbank mortgage trouble stings some banks in Q2: Red flags continue to crop up for nonbank mortgage originators, hinting at credit risk for banks funding their operations.
Blackstone chief stays at top of US financial services pay rankings in 2018: Stephen Schwarzman, Blackstone Group Inc.'s chairman, CEO and co-founder, remained atop the list of highest-paid CEOs among asset managers and other financial services firms in 2018, despite a 44.9% year-over-year decrease in total adjusted compensation.
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng dropped 2.10% to 25,281.30, while the Nikkei 225 shed 1.11 % to 20,455.44.
In Europe, around midday, the FTSE 100 fell 0.41% to 7,196.72, and the Euronext 100 dropped 0.54% to 1,029.18.
On the macro front
The consumer price index and the Redbook Index for retail sales 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.
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