JP Morgan Chase to pay $307m for steering investors toward own products
Regulators said JPMorgan Chase Bank steered retail investors towards the firm’s own investment products. JP Morgan Chase agreed to pay…
Obama signs temporary funding bill to avert shutdown -White House
U.S. President Barack Obama on Wednesday signed emergency legislation to fund the government beyond midnight when existing money expires, the…
Chinese official think tank researcher says disruption from U.S. rate hike likely limited
The Federal Reserve’s decision to raise benchmark interest rates is unlikely to cause major disruption to the world economy because…
Major U.S. banks raise prime rates after Fed rate hike
Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the…
Fed aggressively ramps up new tool to pry rates higher
The Federal Reserve aggressively expanded a new policy tool to help it raise U.S. interest rates from near zero, saying…