Banking Sector - US bank deposits decreased to $18.479 trillion from $18.528 trillion, marking a reduction of nearly $50 billion, indicating a shift in liquidity within the banking system [1][7] Federal Reserve - Federal Reserve Governor Mary Daly supported the recent interest rate cut, describing it as a challenging decision due to conflicting mandates of controlling inflation and maintaining a strong job market [2][3][7] - Daly emphasized that the rate cut aims to help achieve the Fed's dual goals of price stability and maximum employment, reflecting the complex economic conditions influencing monetary policy [3][7] Corporate News - Ryanair CEO Michael O'Leary plans to transition leadership by 2035, seeking a "nicer" successor to take over the low-cost airline [4][7]