The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.
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Powell Highlights Job Market Worries, Opening Path to Rate Cut
The Fed chair opened the door for rate cuts next month when he said the labor market might be softening enough to rein in inflation that is being pushed up by tariffs.
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Fed Officials Erase Old Policy That Tolerated Higher Inflation
The central bank retired a previous strategy and on Friday unveiled a new approach that updates how inflation and employment are balanced.
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The Ivy League Keeps Failing This Basic Investing Test
Elite universities are again stuck with illiquid assets just when they badly need cash.
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Trivest Acquires Management Consulting Firm Applied Value Group
Applied Value sets its expansion sights on private equity and the thousands of private equity-backed companies in need of expert advice.
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What Trump’s Megabill Means for Roth IRA Conversions
The tax-and-spending legislation enacted in July has tax breaks for some savers but makes an already-complex process trickier.
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Suppliers Get Burned in Expensive Bankruptcy Cases
Companies increasingly are failing to pay the bills they rack up in chapter 11 for goods and services, leaving suppliers and service providers to eat losses when bankruptcy restructurings don’t go as expected.
Find insight on Aegon, Netwealth, DraftKings, Bankinter and more in the latest Market Talks covering financial services.
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Peter Thiel Leads Pack of Investors Piling Into Ether
Proponents see Ethereum becoming the platform of choice for the financial world.
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Intuit Earnings Beat Estimates as Company Focuses on Artificial Intelligence Growth Drivers
Shares of Intuit were down 5.1% in after hours trading following the results.
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U.S. Institutional Investors Want More of Australia’s Zip
Zip’s plan to list in the U.S. is a response to interest from large U.S. investors seeking greater exposure to a company benefiting from consumers’ current uncertainty, Chief Executive Cynthia Scott said.
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FanDuel Places Opening Bet on Promising but Precarious Prediction Markets
The sports-betting platform’s deal with the exchange company CME Group could lead to its making markets for sports-related events.
