Citing an 'increasingly challenging economic environment,' Charles Schwab says the cuts come after an internal review launched in the spring.
Let's see if this recent dip was a non-event or the start of something else.
Applications for new home loans increased by 2% last week, as the average fixed interest rate on a 30-year conventional mortgage rate fell to a three-year low, the Mortgage Bankers Association says.
The race is on among a handful of boutique financial firms and cryptocurrency exchanges trying to establish dominance in the business of custody - the safekeeping of assets, similar to the way a bank holds cash and electronic deposits.
Markets were roiled by U.S.-China trade tensions and Brexit, among other factors.
First Defiance agrees to pay 0.3715 share for each of United Community's shares.
In early July, economists with Bank of America argued that the U.S. economy was strong enough that the Federal Reserve didn't need to cut interest rates. A week later, they backtracked and joined the consensus betting on a July rate cut, which happened. Now, the bank's economists are predicting three more cuts before the year is out.
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