The amount of money U.S. banks borrowed from the Federal Reserve barely changed last week, but it was still close to $100 billion and pointed to lingering stress in the financial system. Total bank borrowing was unchanged at $96 billion in the seven days ending May 24. Several regional banks…

© Reuters. FILE PHOTO: The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann (Reuters) – General Electric (NYSE:) Co is offering 25 million of common stock, or an over $2 billion stake, in GE HealthCare Technologies Inc, according to a regulatory…

LONDON (Reuters) – Saudi Arabia will make new voluntary cuts as part of an OPEC+ deal, an OPEC+ source told Reuters on Sunday. Two other OPEC+ sources said the group is likely to agree a policy roll over until 2023 and make additional cuts in 2024 if new production baselines…

ISTANBUL (Reuters) -Turkey’s lira tumbled on Wednesday to a fresh record low against the dollar as President Tayyip Erdogan prepared to decide the shape of his new cabinet and the direction of economic policy after an election triumph. Former economy chief Mehmet Simsek, who is highly regarded by financial markets…

MILAN (Reuters) -UniCredit (MI:) Chief Executive Andrea Orcel said on Monday he would be “definitely up for more,” when asked about whether he would seek a new mandate at the helm of the Italian bank. The former UBS investment banking chief started in April 2021, and in December that year…

Whether it’s corporate credit cards, home improvement loans or travel expenses, these 10 companies are shaking up the banking establishment—even as the industry faces bouts of crisis. Three of the largest bank failures in history rocked financial markets this year, but these 10 fintech startups offering banking services to other…

Markets have been unforgiving to retail trading apps, but these three investing fintechs are bucking the trend. Reported by Jonathan Ponciano and Hank Tucker Scarred by the stock market’s worst year since the Great Recession, fintechs have been forced to reckon with an investing landscape that’s far different from the…

The U.S. Federal Reserve will set the target for short-term interest rates on June 14 at 2pm EST. It could be the first time that the Fed chooses to hold rate steady in 18 months. However, this isn’t a foregone conclusion, interest rate futures currently imply a 1 in 4…

Topline The S&P 500 rose to its highest level in more than a year Friday, sending stocks into a technical bull market but leading to a split among experts about whether the rally will keep on chugging or falter as it grapples with concerns that prices are running too hot.…

If you’re like many Americans, you’re constantly dealing with some form of medical debt. Most insurers don’t pay all of your bills, so it’s a perennial hassle. When you pay off debt, it shouldn’t pop up on your credit report, which can hurt you if you need future loans. According…