The Senate Banking Committee is holding an annual hearing on Wall Street oversight. Lawmakers will hear testimony from JPMorgan CEO Jamie Dimon, Citi CEO Jane Fraser and Bank of America CEO Brian Moynihan, in addition to the CEOs of Wells Fargo, State Street, BNY Mellon, Goldman Sachs and Morgan Stanley.
Traders are closely watching Federal Reserve Chair Jerome Powell as he prepares to testify before the Senate Banking Committee on Thursday as part of his semi-annual presentation of monetary policy.
Local officials in London rejected plans for a massive, new Chinese Embassy, a bitter setback for China's government that once promised a "golden age" for its British relations.