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In a joint statement, the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency said issuing and holding cryptocurrencies is "likely to be inconsistent with safe and sound banking practices."

The year could be marked by volatility, induced in part by rising interest rates, but prime money market funds could still see a 0.08% rise in assets.

FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges Tuesday, a move that lays the foundation for one of the most high-profile white-collar fraud trials in recent years.

The payments firm plans to combine technology from these deals to appeal to the merchants that will need more flexibility and options to fight a potential recession.

Kentucky State Treasurer Allison Ball published a list of 11 financial companies, including several major Wall Street banks, that she deems to be hostile to the fossil fuel industry.

The Spanish lender, aiming to become a leader among second-tier lenders in the U.S., expects to increase the number of bankers at its securities and advisory unit, its head of corporate and investment banking said.

The rate of venture funding to startups run by women continues to decline.

Wells Fargo nabbed a spot among the top 10 advisors on mergers and acquisitions last year, a first for the firm as it ramps up its investment bank under Chief Executive Charlie Scharf.

The bank-owned payments network The Clearing House said David Watson, Swift's chief product officer, would succeed Jim Aramanta, who is retiring.

The Consumer Financial Protection Bureau's new unit will identify the root causes of recurring violations and find ways to hold companies accountable.