Deregulation hands top US, UK banks $1.3T opening – FT. The Financial Times reports that regulatory easing creates a $1.3 trillion opportunity for major lenders.

US credit card defaults hit near-15 year highs as payment delinquency accelerates to fastest pace since 2008 financial crisis.

Americans are falling behind on loan and credit card payments at the fastest rate since the 2008 financial crisis, with credit card defaults reaching near-15 year highs.

Federal government sues Minnesota over law banning prediction market operators. The lawsuit challenges the state's authority to regulate such markets, citing federal oversight.

The federal government is suing Minnesota after state legislators passed a bill banning prediction market companies from operating in the state.

ECB's Schnabel says June rate hike needed, warns against looking through inflation spike.

ECB's Schnabel says a June rate hike will be needed and that looking through the inflation spike is no longer an option.

UK may join €4bn EU start-up fund this year, top official says

The UK could join a €4 billion EU start-up fund this year, according to a top official cited by the Financial Times.