Fed Officials Saw Longer Wait for Rate Cuts After Inflation Setbacks

Minutes of their last meeting revealed some officials were open to raising rates if inflation reaccelerated. 


 
A $444 Billion 'Fat Finger' Trade Crashed Stocks. Now Citigroup Is Paying the Price.

Citigroup agreed to pay U.K. regulators $78 million, after a botched 2022 order to sell shares caused a brief "flash crash" in European stocks. 


 
FTX's Sam Bankman-Fried Being Transferred to New Prison

He sought to stay in New York while helping to prepare his appeal. 


 
Oaktree Capital Takes Control of Inter Milan, Italy's Soccer Champions

Private-credit fund used Covid-era loan to seize team from Chinese owner. 


 
CPP Investment Board CEO Warns About Undermining Fund With Domestic Mandates

Restricting investments to Canada "would undermine the long-term sustainability of the fund," John Graham said. 


 
30-year mortgage rate drops to a seven-week low

Mortgage rates fell for the third week in a row, boosting refinancing activity. 


 
Permira Seeks EUR750 Million for New Credit Fund

The London private-equity firm is launching its first fund in two-year-old opportunistic debt strategy. 


 
Crypto Takes Aim at 2024 Elections

Coinbase, Kraken and others are fighting for survival after a regulatory crackdown. 


 
Blackstone to Grant Equity to Most Employees in Future U.S. Buyouts

The private-equity firm's plan is part of a broader movement in the buyout industry to expand ownership beyond management ranks. 


 
Financial Services Roundup: Market Talk

Find insight on Experian, Generali, SPDR Gold, and more in the latest Market Talks covering the Financial Services sector.


(END) Dow Jones Newswires

05-22-24 1615ET