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The Wednesday Express: North American financials


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The Wednesday Express: North American financials

* Dallas-based Veritex Holdings is buying Fort Worth, Texas-based Liberty Bancshares.

* Paul Tudor Jones' investors pulled roughly 15% of their assets from the billionaire macro manager's main fund in the second quarter, Bloomberg News reports.

* The Office of the Comptroller of the Currency as early as today may seek public comments on the potential changes to the Volcker rule, The Wall Street Journal reports.

* Genworth Financial and China Oceanwide Holdings extended their pending merger's deadline to Nov. 30 from Aug. 31 to give regulators more time to review the deal.

* Cotiviti Holdings CFO Steve Senneff will resign by the end of August. Vice President and Controller Adrienne Calderone was named interim CFO, effective Sept. 1.

* Federal Housing Finance Agency Director Melvin Watt said that there will be no changes to the credit scoring models used by Fannie Mae and Freddie Mac until 2019.

* KBW CEO Thomas Michaud projected that deposit betas — the share of Federal Reserve rate hikes banks pass along to savers — would soon start to grow, Bloomberg News reports.

* Anthem is pulling out from 16 out of 19 pricing regions for California's Affordable Care Act market due to uncertainty regarding cost-sharing reductions, deterioration of the individual market, and the restoration of taxes on insured coverage.

* The Senate Health, Education, Labor and Pensions Committee set on Sept. 4 the first hearing for a bipartisan plan aimed at amending the Affordable Care Act.

* The U.S. Court of Appeals for the District of Columbia Circuit granted a motion, which was filed by 16 Democratic attorneys general, defending government payments to insurers under the Affordable Care Act, Reuters reports.

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