Rising Rates, Uncertain Economy Expected to Take a Toll on Banks
JPMorgan, Morgan Stanley and other big banks are set to report third-quarter results on Friday.
Crypto Firm Tether Exits Commercial Paper Investments
The stablecoin issuer said it has eliminated more than $30 billion of the unsecured debt holdings "without any losses."
Japan Reiterates Readiness to Take Action in Currency Market
Japan's finance minister reiterated his readiness to take action to stop the yen's sharp depreciation after the currency fell sharply against the dollar, following the release of U.S. inflation data.
Singapore Central Bank Tightens Monetary Policy
The Monetary Authority of Singapore tightened monetary policy for a fifth consecutive time to ease price pressures over the next few quarters.
Crypto Broker Lays Off One-Third of Staff
NYDIG said last year that it had raised $1 billion at a valuation of more than $7 billion.
BlackRock Profit Falls 16%
The world's largest asset manager reported net income of $1.41 billion, down from $1.68 billion a year earlier, as a souring market weighed on the investing giant.
Berkshire Hills Bancorp Names Brett Brbovic Interim CFO
Berkshire Hills Bancorp has appointed Brett Brbovic as its interim chief financial officer after Subhadeep Basu resigned.
Morgan Stanley Must Face $375 Million Tops Creditors Lawsuit
A trustee for Tops Friendly Markets creditors can move forward with a suit against Morgan Stanley and other company backers over dividends paid before the grocery chain filed for chapter 11.
Apple, Goldman Sachs to Offer High-Yield Savings Accounts
Users of Apple's credit card would be able manage the accounts directly in an iPhone's Wallet app.
Bond Yields End Higher After Wild Session, Lifted By Inflation Data
Higher Treasury yields reflect bets that the inflation report will lead the Fed to raise interest rates more than previously anticipated.
(END) Dow Jones Newswires
10-14-22 0015ET
