Financials

Week Ahead: Bank Earnings Loom Large as Stocks Near Record

The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the U.S. economy was on stable footing and stocks rallied to near-record high levels.

GE Files to End Fed Oversight After Shrinking GE Capital

General Electric formally asked to be released from supervision by the Federal Reserve on Thursday, saying it has sufficiently shrunk its once-massive financial services arm so it would no longer pose a systemic threat to the banking system.

'Too Big to Fail' Label Dropped From MetLife

A federal judge overturned U.S. regulators' determination that MetLife Inc. poses a threat to the financial system, granting the insurer a victory on its quest to avoid stricter rules and potentially undermining a central plank of the 2010 Dodd-Frank financial-overhaul law.

Visa, Wal-Mart Move to Cut Checkout Time

In response to complaints about the waiting periods caused by new chip-enabled credit and debit cards, Visa Inc. on Tuesday said it is launching software that will shave as many as 18 seconds off the time it takes to make a payment. The nation's biggest retailer has also taken steps to be faster. Wal-Mart Stores Inc. has lopped off 11 seconds from chip-card transaction time, a spokesman said.

Oil Loans Burden Banks

he $147 billion question for banks: Will energy companies max out their credit lines?

U.S. Stocks Climb, Led by Financials, Tech

Strong housing data, rising oil prices and increasing confidence that higher interest rates won't undermine stock prices combined to help lift major indexes as investors sold government bonds and gold.