Danske Bank said it is making its largest-ever wealth management investment, launching a new product for affluent private clients called Butterfly built on BlackRock’s Aladdin Wealth platform. The bank, Denmark’s largest lender and the first Nordic bank to adopt the technology, said the tool will help bankers manage portfolios and analyse risk. The move forms part of a push to grow fee-based revenue by expanding digital platforms and partnering to deliver advisory services. Butterfly will roll o

At least one‑third of Federal Reserve officials said they would consider reducing the number of scheduled meetings used to set policy rates, creating an early opening for a structural change proposed by the incoming chair. The FOMC has not discussed any details and adoption remains uncertain. Several regional Fed presidents, including the chiefs of Cleveland, Kansas City and Philadelphia, were among six who recently signaled willingness to cut regular rate‑setting meetings. Officials who are open to the idea want more analysis of the trade‑offs and to consider bundling the change with communications adjustments. Fewer meetings would represent a material operational shift and distinguish the Fed from major overseas peers, which hold eight policy meetings a year (ECB, BoE, BoJ). It is unclear whether the proposal will be discussed at the Sept. 15‑16 meeting, where elevated inflation and the prospect of the first rate increase in three years may dominate.

Iran's Foreign Ministry said attacks on Iranian commercial vessels are a serious escalation of tensions and threaten regional and international peace and security.