The Consumer Financial Protection Bureau alleged the bank misled some of its customers by not paying them the rate it advertises on its main savings account.
U.S. natural gas futures fell, extending the previous dayβs retreat from a winter high with extreme cold and the likelihood of production freeze-offs the main focus.
Borrowing costs eased and the pound edged higher, marking some signs of stabilization, with Treasury Chief Rachel Reeves set to face questions later around the recent turmoil in bond markets.
Americaβs biggest bank plans to launch a digital retail lender in Germany, Europeβs biggest economy but one with a notoriously unprofitable banking sector.
The dollar index was weaker and DHF Capital said persistent inflation could support the currency, with expectations of a hawkish Fed benefiting the dollar, adding that Wednesdayβs. inflation data and comments from Fed officials should provide clarity on the 2025 monetary policy outlook.
Copper was stronger, but its outlook is clouded by expectations of a stronger dollar, looming tariffs and a potential deceleration in the energy transition under Trump, BMI said, adding that the balance of risks to its relatively bullish outlook was tilted to the downside.
Gilt yields fell as investors awaited a statement by the U.K. Treasury Chief, and XTB said investors hope for reassurance on the governmentβs commitment to responsible public spending, and are cautious ahead of inflation data due Wednesday.
A fresh wave of U.S. sanctions against Russiaβs oil industry threatened to disrupt global supplies, sending crude prices to their highest in more than four months.