The U.S. Financial Crimes Enforcement Network has quietly removed from its website its surprise announcement, posted Oct. 14, that the final deadline for  Foreign Bank Account Report (FBAR) filings had been moved to Dec. 31, from Oct. 15.

Instead, it has clarified that the extended Dec. 31 FBAR filing deadline applied only to "victims of recent natural disasters", such as "victims of the California wildfires, the Iowa Derecho, Hurricane Laura, the Oregon wildfires, and Hurricane Sally".

But it has nevertheless now moved the deadline for everyone else back to Oct. 31 – in other words, extended it by two weeks.

A nine-page response by Dutch Finance Minister Wopke Hoekstra to the latest batch of questions put to him by a Dutch parliamentarian sympathetic to the banking problems so-called “accidental Americans” have been struggling with has left many of  those accidentals stunned and frustrated, they say.

Campaign proposals do not always result in legislation – this is one of the facts of life of American elections. That said, the Democratic Party has targed five key areas for change: Taxes, labor, the environment, oil, and trade. 

The potential change in U.S. political leadership, therefore, could well introduce more risk to earnings and market performance of U.S. stocks, and lead to a relative outperformance by comparison of international markets. 

Here, Jeffrey Kleintop, Senior Vice President and Chief Global Strategist for Charles Schwab & Co., considers the possible impacts a "Blue Wave" in the U.S. election could have on the economy, and markets.