JPMorgan to Pay $4 Million Over Deleted Messages

JPMorgan Chase's brokerage arm will pay $4 million in a settlement with the SEC after the accidental deletion of 47 million electronic messages it was supposed to retain. 


 
Bank of England Outpaces Peers With Half-Point Rate Rise

The aggressive rate rise comes as the central bank seeks to curb the highest inflation rate in the Group of Seven wealthy countries. 


 
Calpers Scrutinizes Blackstone Portfolio Practices Over Child Labor Fine

The pension plan has more than $4 billion invested with Blackstone, whose portfolio company Packers Sanitation Services paid a $1.5 million fine for child labor violations at 13 U.S. meatpacking plants. 


 
Turkey Jacks Up Interest Rates in Reversal for Erdogan

Turkey's central bank raised interest rates to 15%, the first increase since 2021 and part of a policy correction by the country's new economic leaders. 


 
To Beat Back New York, London Seeks to Tap Pension Pot

U.K. leaders desperately want to reclaim London's status as the world's hottest financial hub. And they are eyeing the country's $3.6 trillion pension war chest. 


 
SEC Seeks More Disclosure From Smaller Banks in Wake of Failures

Regional and community banks are among those facing questions from the securities regulator over risks associated with the collapses of Silicon Valley Bank and others. 


 
Hopes Rise for Rally in Small Stocks After Historic Underperformance

The Russell 2000 index is in its strongest run since January as the economy proves more robust than many expected. 


 
Financial Services Roundup: Market Talk

Find insights on mortgage rate lock-in, AGF Management, the spring homebuying season, Alpha Financial Markets Consulting, and more featured in the latest Market Talks covering Financial Services. 


 
Powell Says Interest-Rate Pause Is Likely Temporary

The Fed chairman said the central bank was likely to raise interest rates in coming months after holding them steady last week to study the effects of previous increases to combat inflation. 


 
Aegon Outlines 2025 Targets

Aegon said it aimed to increase its operating capital to around EUR1.2 billion in 2025, focusing its new strategy on boosting its U.S. unit's earnings.


(END) Dow Jones Newswires

06-23-23 0015ET