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August 20, 2026 Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG…
Deutsche Bank’s Jim Reid notes that despite higher United States (US) Treasury yields and renewed speculation about a July Fed rate hike, US equities advanced, led by a strong recovery in chip stocks. The Philly Semiconductor Index posted its best daily performance in a month, lifting the S&P 500, while markets simultaneously priced a more…
The USD/CAD pair kicks off the new week on a positive note, though it lacks bullish conviction and remains confined within Friday’s broader range. Spot prices currently trade around the 1.4030 region, up less than 0.10% for the day amid mixed fundamental cues. Crude oil prices tumble after US President Donald Trump cancelled a threatened…
Facing a 7% GDP contraction, the socialist island nation opens up to private banking and investment. In June, the Cuban National Assembly unanimously passed 176 economic reforms aimed at staving off an economic crisis partly caused by U.S. sanctions. Prime Minister Manuel Marrero announced the reforms, which aim to reduce the state’s presence in the…