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The heightened requirements would apply to all banks with at least $100 billion in assets and would impact the biggest and most complex banks the most.

Federal prosecutors told a Manhattan judge that they wouldn't pursue a campaign finance charge against FTX founder Sam Bankman-Fried after a procedural failing.

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

These are the stocks posting the largest moves in early morning trading.

UOB posted a 35% jump to 1.5 billion Singapore dollars in its core net profit in the second quarter from a year ago.

BlackRock, the world's largest asset manager, has joined forces with Jio Financial Services —the financial services unit of Indian billionaire Mukesh Ambani.

China-focused venture capital funds raised $2.7 billion in the second quarter, a drop of more than 50% from the first quarter, Preqin said.

"It's really hard to predict what the Fed is ultimately going to do," CME Group CEO Terry Duffy says.

See which stocks are posting big moves after the bell.

The quarter percentage point move takes the federal funds rate to a target range of 5.25%-5.5%.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in June.

If it closes higher Wednesday, it would be a streak not seen since 1987, when the Dow advanced for 13 sessions in a row.