HSBC under new CEO begins biggest restructuring in a decade
The lender will combine its global commercial and institutional banking operations and is creating a new international wealth and premier banking business. HSBC also named Pam Kaur as its first female CFO.
Pro-crypto House member wins Senate seat in California
Adam Schiff, known as a pro-cryptocurrency lawmaker, has also introduced bills that would regulate "revolving door" employment at banking regulators.
Bank stocks rise as investors await election results
Investors brushed off a potentially prolonged week of U.S. election results and instead focused on fresh economic data.
Campaign promises complicate outlook on Fed policy
The impact of both presidential candidates' fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve's outlook for monetary policy, which has become more aggressive toward rooting out inflation.