U.S. stocks climbed, with the S&P 500 Index on track for a quarterly advance, as markets showed further signs of stabilizing after wide swings in the wake of Britain’s decision to leave the European Union.
(Updated, 5:35 p.m. and 6 p.m.)
Morgan Stanley was alone among the largest U.S. banks in stumbling through the Federal Reserve’s annual stress tests, getting conditional approval to make payouts to shareholders. Thirty other firms passed, while two subsidiaries failed, including Santander Bank.
Providence is one of the least safe cities for driving in the U.S., according to Allstate Corp., which released its 12th annual America’s Best Drivers report on Tuesday in time for the Independence Day weekend.
The Federal Reserve last week found all 33 of the country’s largest financial institutions had enough capital should the economy turn down, including Bank of America Corp., Banco Santander SA’s U.S. division and Providence-based Citizens Financial Group Inc.