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The Friday Express: Wells Fargo CEO slams Warren; Goldman to hire more women

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The Friday Express: Wells Fargo CEO slams Warren; Goldman to hire more women

* In a 2-1 vote, the Federal appeals court vacated the Labor Department's Conflict of Interest Rule, overturning the lower district court's decision to reject certain business groups' legal challenge to the fiduciary rule.

* The House of Representatives referred H.R. 5288, a bill that would delay the effective date of the National Credit Union Administration's rule on risk-based capital, to the House Committee on Financial Services.

* Wells Fargo CEO Tim Sloan criticized Sen. Elizabeth Warren, D-Mass., for the "ill-informed and inappropriate" comments she had made when he testified before the Senate Banking Committee in October 2017, Reuters reports. He also defended the 35% increase in his 2017 pay.

* Goldman Sachs is stepping up the hiring of women and minorities in its global workforce. Starting with its incoming analyst class, the investment bank aims to have women represent 50% of the group by 2021.

* Banc of California flagged a specific loan loss provision of $13.7 million for the first quarter, stemming from a $15 million line of credit to a borrower believed to have made false representations.

* Investment manager BlackRock has elected William Ford, Margaret Johnson and Mark Wilson independent directors.

* The New York State Public Service Commission allowed upstate municipal power authorities to charge higher electricity rates for cryptocurrency miners.

* Moody's said increasing climate change risks may pose threats to the insurance industry, particularly to the property and casualty insurance and reinsurance sectors.

* Insurance industry experts said Freddie Mac's pilot mortgage insurance program could take business away from private mortgage insurers.

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