U.S. stock index futures fell Wednesday, pointing to a lower open for Wall Street following another in a recent string of sharp drops by Chinese shares.
Futures on the S&P 500 index fell 9 points to 980.60, while Nasdaq 100 futures dropped 18.25 points to 1,568.75. Futures on the Dow Jones Industrial Average fell 74 points.
Bank of America Merrill Lynch said on Tuesday it hired banking veteran Brad Cameron to head its Canadian mergers and acquisitions team, the latest sign a capital markets pick-up may be in the making in Canada. Bank of America (NYSE:BAC, $16.90, +$0.34, 2.05%) fell 1.42 percent to $16.66 on Wednesday morning pre-market trading session while on Tuesday, shares of Bank of America were higher 2.05 percent, and closed on $16.90, BofA jumped 8.89 percent in the past five trading days.
Citigroup Inc (C) was under direct pressure from U.S. regulators to replace former chief financial officer Ned Kelly, the Financial Times said, citing parts of a confidential agreement it viewed. Citigroup Inc. (NYSE:C, $4.14, +$0.14, 3.50%) droped 1.45 percent to $4.08 on Wednesday morning pre-market trading session while on Tuesday, Citigroup shares were higher 3.50 percent, and closed on $4.14.
Royal Bank of Scotland (RBS), which is 70 per cent-owned by the British taxpayer, has awarded a bonus worth £2.3 million including £1 million to a new executive just to stay with the company for two years. Royal Bank of Scotland Group plc (ADR) (NYSE:RBS, $15.35, +$0.57, 3.86%) down 1.50 percent to $15.12 on Wednesday morning pre-market trading session while on Tuesday, RBS shares rose 3.86 percent, and closed on $15.35.
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