S&P downgrades the bank, citing "the complexities of improving compliance and operational risk controls throughout its very large organization."
A still-strengthening jobs market is good and bad news for employers.
Consumption picked up in May, but the key measure of U.S. inflation grew only 1.4%.
Once again, U.S. banks are over-exposed to commercial real estate at a time when the market is expected to turn.
A less favorable economic outlook had some banks tightening standards for commercial and industrial loans in July, said the Federal Reserve.
The benefits in bank conversion are clear, but the path to getting approval from regulators that tend to distrust innovation is challenging.
The banks pledged to work together with SWIFT to solve the crime and recover the $81 million that is still missing.
The credit ratings agency forecast that the junk default rate will be 4% this year, up from 3.5% in 2015.
'Accommodative monetary policy remains essential where inflation is still well below central banks’ targets,' said the IMF.
The media seem to hang on their every utterance. How much do you know about the Federal Reserve Board?
The FOMC wants to be prepared in case it needs to reverse course and make monetary policy more accommodative, Chair Janet Yellen told Congress.
Spare economic capacity and very low inflation justify keeping monetary policy loose in most major advanced economies, IMF staff said.
