The Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should the prices of goods, such as clothing and cars, continue to climb.

Meanwhile, green bonds, whose proceeds can be used only for specific projects, had their second-busiest year ever.

Comerica Inc. will take a charge of $91 million in non-interest income from a similar accounting change tied to the index being discontinued.

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."