Federal Reserve Board announces it does not object to the conversion of United Texas Bank, of Dallas, Texas, from a bank supervised by the Federal Reserve to a national bank supervised by the Office of the Comptroller of the Currency

The S&P 500 secured multiple record highs this week but faltered on Friday, retreating 1.2% to mark its steepest daily decline since late March. Even with that pullback, the index managed to finish the week in the green, securing its seventh straight weekly gain and its longest winning streak since 2023.