Jamie Dimon leaves Wall Street perch to have a say in Washington
WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon is starting to look like Corporate America’s shadow president.
Criticism of Equifax’s data breach response mounts, shares tumble
(Reuters) – Equifax Inc shares tumbled as much as 18 percent on Friday as cyber security experts and customers criticized the consumer credit score provider’s response to a hack that may have stolen personal details of up to 143 million Americans.
Wall Street struggles for direction as Irma threatens Florida
(Reuters) – U.S. stocks were mixed in choppy late morning trading on Friday as investors assessed the financial impact of Hurricane Harvey and tracked Hurricane Irma as it plowed toward Florida.
Exclusive: ECB policymakers agree on cutting stimulus – sources
FRANKFURT (Reuters) – European Central Bank policymakers agreed at their meeting on Thursday that their next step would be to begin reducing their monetary stimulus, three sources with direct knowledge of the discussion said.
Too soon to predict timing of next Fed rate hike: Dudley
NEW YORK (Reuters) – It is too soon to predict when the Federal Reserve should next raise U.S. interest rates as it continues to tighten policy, given “cross currents” in the economy and markets, New York Fed President William Dudley said on CNBC TV on…
Equifax shares slump after massive data breach
(Reuters) – Equifax Inc’s shares tumbled 18 percent on Friday after the provider of consumer credit scores revealed that hackers may have stolen personal details of nearly half of the American adult population in one of the largest data breaches.
Intesa Sanpaolo says to recoup loan after Rosneft stake sale
MILAN (Reuters) – Italian bank Intesa Sanpaolo will recoup a 5.2 billion euros ($6.3 billion) loan as a result of Chinese conglomerate CEFC’s acquisition of a 14.16 percent stake in Russian oil major Rosneft, the lender said on Friday.
Wall St. opens lower as Irma powers toward Florida
(Reuters) – U.S. stocks opened lower on Friday as investors assessed the financial impact of hurricane Harvey and tracked Hurricane Irma as it plowed toward Florida.
Inflation targets still proving elusive
LONDON (Reuters) – Bank of England rate setters won’t shock markets with any policy moves when they meet next week as a struggling economy and Brexit fears offset any concerns over inflation sailing well above target.
U.S. seeks to jail Shkreli, citing ‘pattern of threats’
NEW YORK (Reuters) – U.S. prosecutors on Thursday asked a judge to jail Martin Shkreli while he awaits sentencing for securities fraud, after a Facebook post by the former drug company executive about Hillary Clinton prompted an investigation by the U….
