FINANCIAL SEL (XLF)

The bank also stated that it would clearly outline in its Employee Code of Conduct and customer-facing documents that it does not discriminate based on political affiliation.

The succession of Dimon, who has been in charge for nearly two decades, has remained a topic of intense speculation on Wall Street for several years.

The regulation known as the Supplementary Leverage Ratio garnered further attention following a selloff of U.S. debt in April following Trump’s “Liberation Day” tariffs.

KRE has declined more than 3% this year, while XLF is up more than 5%. The divergence between the two ETFs is getting larger.

Elon Musk expressed disappointment with Trump's massive spending package, saying that it "undermines the work that the DOGE team is doing."

Bond yields climb as Trump's tax plan adds $3 trillion to U.S. debt. Analysts warn of risks to Treasuries and regional banks.

Top U.S. banks are contemplating a joint venture to issue a dollar-pegged stablecoin in an attempt to counter the increasing competition from the cryptocurrency sector, according to a report dated Thurday, May 22.

The deal attracted scrutiny from Democratic lawmakers last year on concerns about reduced competition and harm to low-income customers.