Financials

Lender GE Capital on Wednesday became the first firm to lose its designation as "systemically important," a label born of the financial crisis that the U.S. government gives to institutions with potential to wreck the economy in the event of distress.

Lender GE Capital on Wednesday became the first firm to lose its designation as "systemically important," a label born of the financial crisis that the U.S. government gives to institutions with potential to wreck the economy in the event of distress.

The beaten-down financials sector jumped 1.2% after it saw the biggest two-day drop since 2011 and suffered the steepest losses of all 10 S&P 500 sectors in the two trading days after the Brexit vote.

The beaten-down financials sector jumped 1.2% after it saw the biggest two-day drop since 2011 and suffered the steepest losses of all 10 S&P 500 sectors in the two trading days after the Brexit vote.

Wall Street was higher on Tuesday as investors rushed to pick up stocks after Britain's decision to leave the European Union sparked a massive two-day selloff in global markets.

Roboadvising has seen major growth in recent years.

Roboadvising has seen major growth in recent years.

The selloff in equities, sparked by Britain's vote to exit the European Union, continued on Monday, setting the Dow and S&P 500 on course for their biggest two-day percentage drop in 10 months.

The selloff in equities, sparked by Britain's vote to exit the European Union, continued on Monday, setting the Dow and S&P 500 on course for their biggest two-day percentage drop in 10 months.

Opinion: The rattling of global financial markets could threaten the progress that we have seen in small business finance, especially in the years following the Great Recession. But I don’t think it will be devastating.

Opinion: The rattling of global financial markets could threaten the progress that we have seen in small business finance, especially in the years following the Great Recession. But I don’t think it will be devastating.

Opinion: Last week, the giant retailer made its final break with the giant credit card company. A few small business owners I know cheered the news. ‘Good for Costco,’ one told me. ‘I hate the high fees Amex charges me. I should do the same.’ I advised him not to.

Opinion: Last week, the giant retailer made its final break with the giant credit card company. A few small business owners I know cheered the news. ‘Good for Costco,’ one told me. ‘I hate the high fees Amex charges me. I should do the same.’ I advised him not to.

Brexit is battering U.S. banks.

Brexit is battering U.S. banks.

Shares in U.K. and European banks fell again Monday as their earlier plans to improve returns looked like pipe dreams after Thursday's vote by Britons to leave the European Union.

Shares in U.K. and European banks fell again Monday as their earlier plans to improve returns looked like pipe dreams after Thursday's vote by Britons to leave the European Union.

The United Kingdom’s decision to leave the European Union is expected to have an impact on global investments.

The United Kingdom’s decision to leave the European Union is expected to have an impact on global investments.

Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union.