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