High Rates Have Been a Profit Machine For Banks. Not Anymore. 

America's biggest bank warned that it is starting to pay more on customer deposits.

The euro is trading at its weakest in months, and a parity test with the dollar may not be out of the question 

The euro slid to levels not seen since November on Friday, as investors come to grips with the likelihood of the ECB cutting faster than the Fed.

China's Financial Institutions Issued Less Credit in January-March 

The data suggest continued tepid borrowing demand from corporates and households.

Morgan Stanley's Wealth Arm Probed by Multiple Federal Regulators 

Treasury Department offices and others are looking into how Morgan Stanley vets clients at risk of laundering money through the bank's wealth-management division. Shares fell more than 5%.

Garcia's Take: ESG Risk Management Rises as ESG Investing Fades 

Companies and private-equity firms are increasingly concerned about ESG-related risks, even as investment strategies with that label have fallen out of favor.

Financial Services Roundup 

Find insights on owning a home Canadian housing-finance rules, AEON Thana Sinsap, and more in the latest Market Talks covering Financial Services.

IMF Chief Warns Central Banks Against Cutting Too Soon 

Central banks should resist the temptation to lower their key interest rates too early and risk a resurgence of inflation, International Monetary Fund Managing Director Kristalina Georgieva said.

ECB Signals It's Moving Closer to a Rate Cut 

Officials held rates steady as they weigh the prospect of cutting before the Fed.

Venture Capitalists Make Few First-Quarter Deals 

The number of new venture bets on startups was down slightly from a year ago. But some general partners say there are signs the tide is turning.

Buy the Stock Market's Inflation Freakouts 

Hot inflation sent stocks plunging again, but investors' panicked first reaction overlooks some underlying reasons.

(END) Dow Jones Newswires

04-12-24 1615ET