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In the retail banking market, the new app, called Zing, has taken on Revolut and Wise. "We want to establish ourselves as a global platform for international payments."

"I expect that they will be looking for opportunities to apply all of the elements of the guidelines in merger cases -- to some extent, they've already been doing that," said former FTC Chair William Kovacic.

As markets prepare for interest-rate reductions in early 2024, the president of the Atlanta Fed said he expects cutting to begin in the third quarter, at the earliest.

The lawsuit alleges that CFO John Rex interfered, for "commercial" reasons, with a decision by the company's investment committee to drop a set of target-date funds.

Falling gas prices seem to have enabled consumers to spend more as they kicked off the holiday shopping season.

As inflation heads to the 2% target, the Fed held rates steady for the third straight meeting, and officials predicted a series of cuts next year.