A group of large US banking giants on Friday announced intentions to boost their third-quarter dividends after satisfactorily passing the Federal Reserve's yearly stress test that tests whether banks have enough capital to survive severe economic and market turmoil.

US banking giants to hike dividends after passing Fed stress tests

US president Joe Biden on Thursday urged banking regulators to reinstate tough rules on mid-sized banks in the United States. The rules, as per AFP, were weakened under his predecessor Donald Trump.

To prevent SVB-like failures, Biden calls for revival of banking regulations weakened under Trump

The Trump administration considered banning China's Huawei from the US financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter.

Trump administration considered placing China's Huawei on SDN list: Sources