Wall Street quietly drifted between small gains and losses early Wednesday ahead of a closely-watched decision by the Federal Reserve on whether to raise interest rates in the midst of a global banking crisis.

Futures for the Dow Jones Industrials inched less than 0.1% higher, while futures for the S&P 500 were essentially flat.

Lebanon’s struggling banks resumed work Wednesday on the occasion of the Muslim holy month of Ramadan, after a day of protests and sharp currency swings.

The Association of Banks announced Tuesday night that all lenders in the country will suspend the strike and resume work Wednesday.

The Lebanese pound recovered by around LBP 30,000 on the black market on Tuesday, after Central Bank Governor Riad Salameh announced a new Sayrafa platform scheme.

Wall Street is poised to open higher Tuesday ahead of a decision by the Federal Reserve this week on whether to raise interest rates again despite heightened anxiety over the stability of the global banking system.

Futures for the Dow Jones Industrial Average and futures for the S&P 500 each rose 0.8%.

South Korean President Yoon Suk Yeol said Tuesday his government will move to restore Japan's preferential trade status as he pushes to resolve history and trade disputes with Japan despite domestic opposition.

In lengthy, televised comments during a Cabinet Council meeting, Yoon defended his moves, saying that leaving ties with Japan as fraught as they are would be neglecting his duty because greater bilateral cooperation is vital to resolve diverse challenges facing Seoul.

Treasury Secretary Janet Yellen is trying project calm after regional bank failures, saying the U.S. banking system is "sound" but additional rescue arrangements "could be warranted" if any new failures at smaller institutions pose a risk to financial stability.

Yellen, in an excerpt of remarks prepared for delivery to the American Bankers Association on Tuesday, says that overall "the situation is stabilizing."

The Order of Pharmacists of Lebanon on Tuesday called on pharmacies to "close as of this moment," after the black market dollar exchange rate hit the LBP 143,000 mark.

The bidding process for the successor of Silicon Valley Bank is being extended by the Federal Deposit Insurance Corp. to give more time to work out a potential deal.

The FDIC said Monday that there's been "substantial interest" from multiple parties for Silicon Valley Bridge Bank. The agency said it's going to allow parties to submit separate bids for Silicon Valley Bridge Bank and its subsidiary Silicon Valley Private Bank in order to simplify the bidding process and expand the pool of possible bidders.

Shares of Credit Suisse plunged 63% in early trading Monday after the announcement that banking giant UBS would buy its troubled rival for almost $3.25 billion in a deal orchestrated by regulators to stave off further market-shaking turmoil in the global banking system.

UBS shares were down 14% in early trading on the Swiss stock exchange.

Global stock markets sank Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes.

Hong Kong's main index slid 2.7%. London, Frankfurt and Paris opened down more than 1%. Shanghai, Tokyo and Sydney also declined. Wall Street futures were off 1%. Oil prices plunged more than $2 per barrel.