PRESS DIGEST - Wall Street Journal - May 23

May 23 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Banks including JP Morgan Chase JPM.N, Citigroup C.N, Wells Fargo WFC.N and Bank of America BAC.N are exploring the issue of a joint stablecoin, a step intended to fend off escalating competition from the cryptocurrency industry.

- The Federal Trade Commission voted to dismiss a lawsuit against PepsiCo PEP.O, alleging the company was engaging in price discrimination.

- The head of Fortescue's FMG.AX energy arm, Mark Hutchinson will step down as Dino Otranto, who leads the miner’s metals business, is set to assume an expanded role.

- The Trump administration is yanking Harvard University’s authorization to enroll foreign students.

- Match Group MTCH.O CEO Spencer Rascoff will lead Tinder after current Chief Faye Iosotaluno steps down in July.

- The Supreme Court on Thursday granted President Trump’s emergency request to fire federal commissioners, but signaled that the Federal Reserve was off limits from White House interference.