Wall St Week Ahead: US bank stocks falter as recession worries take hold

16 December (Reuters) US bank stock prices are falling in December as concerns about an impending recession and declining profit margins reduce investor interest in the sector. When compared to the wider index (.SPX), which down 5.5% over the same time period, the S&P 500 banking index (.SPXBK) has fallen around 11% this month. Shares … Read more

The student loan company that could topple Biden’s debt relief plan

A mysterious financial services provider just outside of St. Louis may determine the outcome of President Joe Biden’s multibillion-dollar initiative to reduce student loan debt. Six Republican states have filed a lawsuit against the Missouri Higher Education Loan Authority (MOHELA), a state-created loan firm, to block Vice President Biden’s proposal to cancel the debt on … Read more

Pope to give Vatican Parthenon marble fragments to Greek Orthodox Church

Amidst a worldwide reckoning in which Western institutions have started to return remains and artifacts to their nations of origin or have rebuffed pleas to do so, Pope Francis has instructed the Vatican Museums to restore three Parthenon pieces to Greece. The 520-foot frieze that formerly adorned the outside walls of the famous temple and … Read more