Federal prosecutors and regulators are widening the scope of their investigations related to "spoofing
Cboe BZX Exchange Inc. filed to withdraw its proposed rule change that would have enabled it to list and trade SolidX Bitcoin Shares
A coalition of civil rights groups urged House Democratic leaders to defer their consideration of a cannabis banking
The SEC adopted amendments to the Volcker rule
Wall Street banks are looking at selling more of their research services
Rockefeller Capital Management LP agreed to acquire Mountain View, Calif.-based multifamily office Financial Clarity Inc., which oversees about $2.3 billion in client assets. The transaction
Former Cetera Financial Group Inc. CEO Robert Moore, who stepped down from the company earlier in the year due to health reasons, is now back in the financial services sector with the launch of Mortgage REIT Investment Advisors
In other parts of the world
Asia-Pacific: US Fed cuts rates; DBS Bank eyes Thailand in AUM expansion plans
Europe: Deutsche, Barclays named in German tax fraud trial; Nordea CFO to depart
Middle East & Africa: Saudi Arabia, UAE cut rates; Banque Centrale Populaire H1 profit up
Now featured on S&P Global Market Intelligence
Largest US banks lose deposit ground to high-rate payers: JPMorgan, Bank of America and Wells Fargo appear to be losing ground to banks that have paid aggressive rates to attract deposits. Per FDIC data, all three national banks saw year-over-year declines in their market share as of June 30.
Student loan companies ready to roll with the political punches: Private student loan company executives downplayed the prospective risks to their business models from various proposals by Democratic presidential campaigns that would overhaul the U.S. higher education finance system.
Fed faces key balance sheet decisions as liquidity crunch hits markets: Recent spikes in short-term borrowing rates reflect looming liquidity shortages that the Federal Reserve may soon have to address, even if a long-term solution may not be needed right away.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng dropped 1.07% to 26,468.95, and the Nikkei 225 rose 0.38% to 22,044.45
In Europe, around midday, the FTSE 100 was up 0.59% to 7,357.54, and the Euronext 100 climbed 0.25% to 1,091.33.
On the macro front
The jobless claims report, the Philadelphia Fed business outlook survey, the current account report, existing home sales report, leading indicators report, the EIA natural gas report, the Fed balance sheet and the money supply report are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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