securities

Exclusive: Blackstone challenges Honeywell with JDA financing plan – sources

Blackstone Group LP has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc , people familiar with the matter said. The move illustrates how Blackstone, the world's largest private equity…

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Exclusive: Blackstone challenges Honeywell with JDA financing plan – sources

securities

U.S. inflation tame as economy gains momentum

U.S. consumer prices were unchanged in July on falling gasoline costs, but solid gains in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year. Tuesday's mixed reports came as influential New York Fed President William Dudley said the U.S. central bank could hike rates next month, citing a tightening labor market that he said was starting to spur faster wage growth. “The strong housing starts and industrial output performance will …

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U.S. inflation tame as economy gains momentum

securities

Citigroup resolves ‘technical issue’ that left accounts frozen

(Reuters) – Citigroup Inc said on Friday it resolved a technical issue that had left customers unable to access their accounts remotely. Customers had taken to social media to complain about the outage, which affected several U.S. states, including New York, Pennsylvania and California, according to Bloomberg. “We experienced a brief technical issue that

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Citigroup resolves ‘technical issue’ that left accounts frozen

securities

Top U.S. regulators say financial system functioning in ‘orderly manner’

U.S. financial regulators on Friday said the country's financial system is functioning in an “orderly manner” after Britain voted to leave the European Union and sent markets around the globe reeling. The Financial Stability Oversight Council – which includes the heads of the U.S. Treasury, Securities and Exchange Commission and Federal Reserve – “noted that the U.S. financial system continues to function in an orderly manner, and that the Council will continue to monitor ongoing developments

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Top U.S. regulators say financial system functioning in ‘orderly manner’

securities

JP Morgan to pay $307 million to settle SEC, CFTC charges over disclosures

By Sarah N. Lynch WASHINGTON (Reuters) – JP Morgan Chase will pay $307 million settle two U.S. government cases that charged the bank with failing to disclose certain conflicts of interest to some of its wealth management clients, U.S. regulators said Friday. The Securities and Exchange Commission said that two of the bank's …

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JP Morgan to pay $307 million to settle SEC, CFTC charges over disclosures