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The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve stated that the guidance is expected to apply most to banking institutions with assets exceeding $30 billion.

The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve have released revised guidance on model risk management.

S&P: Türkiye is under pressure from energy price shocks, but authorities are expected to implement economic and fiscal policies consistent with the goals of the 2026-2028 medium-term plan.

S&P Global Ratings affirmed Türkiye’s “BB-/B” rating with a stable outlook.

The Dow Jones Industrial Average rose 869.20 points, or 1.79%, to close at 49,447.92 on Friday, April 17; the S&P 500 rose 84.79 points, or 1.20%, to close at 7,126.07; and the Nasdaq Composite rose 365.78 points, or 1.52%, to close at 24,468.48.

The U.S. State Department has approved a $11.9 billion sale to Germany of a potential integrated combat system and related support equipment.

On April 18, European Central Bank (ECB) Governing Council member Koch stated that the ECB must avoid hasty policy actions due to the Middle East conflict. He said, "It is reasonable to clearly communicate that we will not accept an inflation trajectory that deviates from our mission targets, but there is no need to react prematurely to situations that may not occur in the future." He added, "Uncertainty remains high. Seeing positive signals is good, but we are unsure whether these signals will be sustained. We need to remain open-minded before the meeting, and even during the meeting." "Even if the Strait of Hormuz is truly fully open, a return to more normalcy will take time. Friction will persist, and some energy production and transportation facilities have already been damaged." Koch is generally considered a hawkish member of the Governing Council. He emphasized, "We may be seeing some improvement now, but the economic shock has already occurred, making our baseline scenario the best-case scenario." He also stressed that medium-term inflation expectations "remain fairly stable."

ECB Governing Council member Kazak: I'm not sure yet that the next interest rate adjustment will be a rate hike.

ECB Governing Council member Kazak: I haven't seen many spillover effects yet.

ECB Governing Council member Kazak: Tightening financial conditions are playing a role for the ECB.

ECB Governing Council member Kazax: We remain in close monitoring.

On April 18th, three sources familiar with the matter stated that Meta Platforms (META.O) plans to implement its first major round of layoffs this year on May 20th, with further layoffs to follow. One source said that as part of the initial round of layoffs, the company will cut approximately 10% of its global workforce, close to 8,000 people. The company also plans further layoffs in the second half of the year, but details such as the specific timing and scale have not yet been finalized. The source added that management may adjust the plans based on the development of artificial intelligence capabilities. Meta's layoffs this year will be the largest since the company's restructuring dubbed the "Year of Efficiency" from the end of 2022 to the beginning of 2023, when the company cut approximately 21,000 jobs. The company's financial situation is more stable this time, but management envisions using artificial intelligence to assist employees in achieving fewer management layers and greater efficiency in the future. According to the latest disclosure, as of December 31st last year, Meta had approximately 79,000 employees.

Market news: Spirit Airlines is seeking US government assistance as soaring oil prices threaten its recovery. Spirit Airlines has requested hundreds of millions of dollars in emergency funding from the Trump administration.

On April 18, the U.S. Department of Energy announced on Friday that it had lent 26.03 million barrels of crude oil from the Strategic Petroleum Reserve to nine oil companies. This is the third batch of loans issued by the Trump administration to curb soaring fuel prices since the start of the U.S.-Israel war against Iran. The Department of Energy said in a statement that the companies receiving the SPR loans include BP North America, ExxonMobil, and Marathon Petroleum.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending April 14, equity fund managers increased their net long positions in CME S&P 500 futures by 71,259 contracts to 1,011,108 contracts. Equity speculators increased their net short positions in CME S&P 500 futures by 186,638 contracts to 414,897 contracts.

The U.S. Department of Energy states that nine companies are involved in taking over crude oil for the U.S. Strategic Petroleum Reserve (SPR), including British Petroleum, Energy Transfer Crude Marketing, and ExxonMobil.