'About a third of banks by assets may struggle to achieve sustainable profitability, underscoring ongoing challenges and medium-term vulnerabilities,' the IMF says.

Japanese banks and a former Macau gangster are developing Asian digital currencies.

Mizuho is Japan's second largest lender.

Another rally in crude oil pushes prices to three-week highs and lights a flame under the energy sector.

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week.