Benzinga's Political Roundup (JPM, WFC, FXY, USO)

The Federal Reserve announced it would let some banks raise their dividends, and J.P. Morgan JPM and Wells Fargo WFC have been among a few banks who have already done that.

Last night, we saw a major intervention from the G7 to weaken the yen FXY to help calm markets made nervous by Japan's nuclear crisis.

Libya declared an immediate cease-fire today after the U.N. Security Council authorized a no-fly zone and the use of “all necessary measures” to protect civilians. The price of oil USO was adversely affected by this news.