European Central Bank raised interest rates by half a percent which exceeded expectations and devised a plan to purchase debt of Europe's most vulnerable economies.
A group of House Republicans introduced legislation Wednesday that they said would fight back against President Biden's latest attempts to push his "woke agenda" upon small businesses.
Bank of America's second quarter profit fell to $6.2 billion, or 73 cents per diluted share, compared to $9.2 billion, or $1.03 per share, during the same period a year ago.
Revenue at the global markets unit, which houses Goldman's trading desks, jumped 32% to $6.47 billion, with fixed income, commodities and trading revenue surging 55% and equities revenue adding 11%.
Regions Financial has been accused in a lawsuit of allegedly overcharging fees and mismanaging a trust.
Traders are bracing for another round of earnings reports Friday morning including the latest results from Citigroup and Wells Fargo.
Traders will be concentrating on even more bank earnings on Friday including results from Citigroup and Wells Fargo.
Bank of America is being fined $225 million by federal regulators for how they handled a jobless benefits program during the COVID-19 pandemic.
Consumers are growing increasingly concerned about their buy now, pay later payments being put on their credit reports.
Traders are bracing for the start of earnings season from the big banks with results scheduled Thursday from JPMorgan Chase and Morgan Stanley.
Thursday's trading could be impacted by earnings reports from JPMorgan Chase and Morgan Stanley, the producer price index for June, weekly jobless claims and more.
Wednesday's trading session could be impacted by a series of events taking place, the most anticipated being the consumer price report.
Buy now, pay later transactions are rising, and are projected to reach significantly higher levels in the years to come, according to a report from GlobalData. But experts worry about the industry's regulations.
Buy now, pay later is becoming increasingly popular but it may not benefit small businesses, according to one expert.
CFPB Director Rohit Chopra is aggressively pursuing economic changes, and many pro-business groups and politicians are sounding the alarm about what they consider a "lawless" agency
Apple recently entered the buy now, pay later space and one expert said its storage of consumer data will give it a "competitive edge."
The end of the pandemic-era tech boom and proliferation of historic inflation have forced the world's biggest companies to think hard about their next moves.
Apple Pay Later is launching in September, but Big Tech's acceptance of buy now, pay later (BNPL) could raise concerns over regulations in the industry.
Halifax, a bank based in the United Kingdom, recently unveiled a new design for nametags that includes the option for the wearer to display their preferred pronouns.
Pedro Guimarães, the head of Brazilian state-run bank Caixa Economica Federal, resigned on Wednesday due to employees allegations of sexual harassment.