Paul Volcker, former chair of the Federal Reserve and the man behind the Volcker Rule
The U.S. Treasury Department is looking to appeal to the Supreme Court a New Orleans appeals court's ruling
The Office of the Comptroller of the Currency approved Fifth Third Bank's application to convert to a national bank
Regions Financial Corp. has prepared for a slowdown
Charles Schwab Corp. is laying off about 600 employees, or roughly 3% of its staff, as part of its effort to lower costs as the Fed's recent interest rate cuts hamper profits at the brokerage's banking division, The Wall Street Journal reports. CEO Walt Bettinger broke the news in a recent town hall with some of the bank's employees, sources told the news outlet. Most of the job cuts
A group of former analysts at BTIG LLC formed their own research firm
Bank technology
Whether it's bitcoin, Ethereum or Facebook Inc.'s Libra
In other parts of the world
Asia-Pacific: China scraps cap for overseas investors; ASIC appeals Westpac ruling
Europe: Nordea COO resigns; Commerzbank offices raided; mortgage blow for banks in Spain
Middle East & Africa: Abu Dhabi Commercial Bank exits India; Zimbabwe forms monetary policy committee
Now featured on S&P Global Market Intelligence
US rate cut ends growth trend in Americas transaction banking revenues: The world's leading transaction banks saw their sector revenues in the Americas stabilize in the first half of 2019 after three consecutive years of growth, according to data released Sept. 10 by research firm Coalition.
Mnuchin: Fannie, Freddie could avoid systemic label with capital buffer of $100B: Top administration officials want Fannie Mae and Freddie Mac to build up their capital levels and exit government control but avoid the strict oversight of a "too big to fail" regulatory label, they said at a key congressional hearing Sept. 10.
Virginia community banks improve key metrics in Q2 but still lag some peers: Virginia's community banks posted year-over-year improvements in certain key performance metrics in the second quarter, but still lagged their Southeastern peers by some measures.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng gained 1.78% to 27,159.06, and the Nikkei 225 increased 0.96% to 21,597.76.
In Europe, around midday, the FTSE 100 climbed 0.92% to 7,334.87, and the Euronext 100 was up 0.46% to 1,084.33.
On the macro front
The PPI-FD index, the Atlanta Fed business inflation expectations report, the wholesale trade report and the EIA Petroleum Status 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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