Top bosses from eight major financial institutions appeared before a Senate committee to give their opinion on looming banking reforms.
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Slowing inflation usually means prices are rising, just not as fast as before. But now there is actual deflation.
Of the roughly 4,400 operating banks in the US, nearly half of all banking profits in the third quarter came from just four.
On Monday, Chevron said it would acquire energy player Hess for $53 billion. It’s the latest megadeal in a wildly active industry this month.