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A spike in repurchase agreements, or repo, where investors borrow against Treasury and other collateral, can be a sign that cash is getting scarce. Eventually, the elevated level of the interest rate, called the Treasury GCF Repo Index, between Nov. 30 and Dec. 4 was explained by factors other than cash scarcity, such as month's end book-closing by banks and hedge fund trading, interviews with more than half a dozen bank executives and market participants show. But it set Wall Street abuzz.

U.S. short-term financing markets saw a three-day spike in interest rates at month-end. That's left Wall Street wondering whether the financial system is running out of cash. A spike in...

Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss.

U.S. bank supervisors are increasing scrutiny of lenders' risk management practices and taking disciplinary action as they try to fix problems that could lead to more bank failures, banking industry sources said. The changes follow the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank earlier this year after depositor runs sparked, in part, by worries that high interest rates would hurt bank balance sheets.

(Reuters) -Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss. Exxon's stock has underperformed rival Chevron over the course of Woods' tenure as CEO. Now, his biggest challenge lies ahead as he executes a strategy to compete for investors demanding high returns and lower greenhouse gas emissions.