The heightened requirements would apply to all banks with at least $100 billion in assets and would impact the biggest and most complex banks the most.
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
Gross domestic product was expected to increase at a 2% annualized pace in the second quarter.
Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate
Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday.
You may be overlooking an important point about target date funds
Target date funds have become the most popular 401(k) investments. But differences in stock and bond allocations mean they might not be right for everyone.
European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’
The European Central Bank on Thursday announced a new rate increase of 25 basis points, bringing its main rate to 3.75%
Watch live: ECB President Christine Lagarde speaks after rate decision
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, EBay and more
These are the stocks posting the largest moves in early morning trading.
Singapore’s UOB expects ‘some upside’ to interest income after Fed rate hike
UOB posted a 35% jump to 1.5 billion Singapore dollars in its core net profit in the second quarter from a year ago.
BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani’s financial arm
BlackRock, the world’s largest asset manager, has joined forces with Jio Financial Services —the financial services unit of Indian billionaire Mukesh Ambani.
China VC slump is set to drag Asia-Pacific fundraising down to a decade low
China-focused venture capital funds raised $2.7 billion in the second quarter, a drop of more than 50% from the first quarter, Preqin said.