The Treasury Department and the Department of Housing and Urban Development have unveiled their respective proposals to recapitalize Freddie Mac and Fannie Mae before ending their conservatorships
The Financial Accounting Standards Board is proposing a temporary guidance to ease the transition of companies from the London Interbank Offered Rate
In Maryland, BV Financial Inc. (MHC) agreed to acquire MB Bancorp Inc. and its unit Madison Bank of Maryland in an all-cash transaction. Under the terms of deal
Winston-Salem, N.C.-based Hanesbrands CU merged into Members CU on Aug. 31. As of June 30, Members CU had assets of $292.5 million, while Hanesbrands CU had assets of $42.7 million, according to S&P Global Market Intelligence data.
Charles Schwab Corp. is shutting down its Singapore unit,
Fintech startup Stripe Inc. will start lending to businesses that are already its clients. The San Francisco-based company launched Stripe Capital
The New York State Department of Financial Services approved Paxos Trust Co. LLC to offer a gold-backed virtual currency
JPMorgan Chase & Co. said stablecoins
In other parts of the world
Asia-Pacific: Axa mulls sale of Malaysian JVs; China opens interbank FX market to 3 brokerages
Europe: Brexit saga continues; Novo Banco could face €106M loss; Sweden holds rate
Middle East & Africa: FirstRand posts results; Sanlam targets Egypt; Ghana sees room for policy easing
Now featured on S&P Global Market Intelligence
East Coast banks buckle up for hurricane season as Dorian hits Carolinas: Hurricane season has begun for U.S. banks on the Eastern Seaboard, as Hurricane Dorian, the first major hurricane this year, travels up the Carolina coastlines.
Uneasy economic outlook has US bank sellers thinking 'now or never': An uneasy economic outlook could have more banks looking to sell. At Raymond James Financial Inc.'s U.S. Bank Conference in Chicago, bankers said they expect potential stock market volatility and a tough operating environment could convince more banks to look for a sale.
Global i-banks' H1 revenues fall to lowest level since 2006: The world's 12 largest investment banks posted combined revenues of $76.8 billion in the six months to June-end, their lowest aggregate first-half results since 2006, according to the latest sector index released by business intelligence firm Coalition.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng rose 0.66% to 26,690.76, and the Nikkei 225 rose 0.54% to 21,199.57.
In Europe, around midday, the FTSE 100 was down 0.8% to 7,265.62, and the Euronext 100 was down 0.18% to 1,080.49.
On the macro front
The employment situation report, the quarterly services survey 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.
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