The app, named Finn by Chase, allows people to use a phone to open a bank account, make deposits, issue checks, track spending and set up savings plans, bank officials told Reuters last week. Finn debit cards will come by mail for access to cash from 29,000 ATMs.
MarketWatch: US stocks recovered further on Monday from last week's selloff, with the S&P 500 posting its biggest one-day percentage gain since April as worries eased about a conflict between the United States and North Korea. The DJIA rose 135.39 points, or 0.62%, to close at 21,993.71, the S&P 500 gained 24.52 points, or 1.00%, to 2,465.84 and the Nasdaq added 83.68 points, or 1.34%, to 6,340.23. - Reuters
Energy
Oil prices tumbled more than 2.5% on Monday in volatile trade, as dollar strength and weak domestic demand data in China hammered prices that had received a short-lived boost on concerns about potential reductions in crude supply from Libya. Global benchmark Brent crude futures LCOc1 settled down US$1.37 or 2.63% at US$50.73. - Reuters
Forex summary
*The ringgit lost 0.02% to 4.2940 versus the US$
*It was up 0.17% to 5.0599 versus euro
*Up 0.10% to 5.5673 per pound sterling
*Up 0.06% to 3.1514 per Singapore dollar
*Flat at 3.3804 per Aussie
*Up 0.48% to 3.8975 per 100 yen
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