Capital One Financial Corp. has begun to lift borrowing limits for certain customers as it seeks to restart growth in its sprawling credit-card business.
The Federal Reserve’s system for interbank payments went down Wednesday afternoon, according to a website for payment services operated by the U.S. central bank.
Canada won’t be completely spared by U.S. President Joe Biden’s “Buy American” policies, but it could clinch some exemptions in key areas, according to a former Canadian ambassador to the U.S.
The KBW Bank Index climbed to its highest level since 2007, boosted by optimism about a recovering U.S. economy, with vaccine progress and government stimulus in the works, and a steepening Treasury yield curve.
Federal Reserve Chair Jerome Powell emphasized his view that the economy has a long way to go in the recovery and signs of prices rising won’t necessarily lead to persistently high inflation.
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