New York City Mayor Eric Adams scolded big banks for sending their Big Apple-based employees back to remote work amid the spread of the highly contagious omicron variant, asserting that the financial powerhouses "can't run New York City from home."
Bank of America CEO Brian Moynihan noted that his customers currently have more money in the bank and are spending more, but warned that supply chain issues, labor shortages and inflation could have an impact on economic growth.
The European Central Bank is likely to announce long-awaited plans to reduce its pandemic-related asset purchases in the next quarter, according to a Reuters poll of economists, most of whom expected the programme to be wrapped up by the end of March.
New Zealand's central bank is expected this week to become the first in Asia-Pacific to raise interest rates since the pandemic began, amid concerns crisis-era stimulus is overheating the economy.
Alex Sanchez reacts to politicians in Washington blaming banks for economic consequences of overdraft fees.
JP Morgan Chase and Goldman Sachs are the first two major U.S. banks set to release second quarter earnings this week.