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Citi, UBS Resolve CFTC Compliance Claims in Enforcement ‘Sprint’

Units of Citigroup Inc. and UBS AG were among several firms that agreed to pay a total of $8.3 million to settle US Commodity Futures Trading Commission claims over compliance-related violations including recordkeeping and reporting lapses, the derivatives regulator said.

By Nicola M White

S&P 500 Hits All-Time High Before Key Jobs Report: Markets Wrap

Wall Street traders gearing up for Friday’s jobs report got a trio of data that reinforced the view of a cooling labor market, keeping bets on Federal Reserve rate cuts alive while driving stocks and bonds higher.

Apollo Settles Fight With Ex-Athene Executives Before Trial

Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go to trial.

California-to-Vegas Train Eyes Equity, Debt to Raise Cash

The Fortress Investment Group-backed company that’s building a high-speed passenger railroad between Southern California and Las Vegas plans to raise cash through borrowing and the sale of equity as construction costs increase.

SEC Says Investors Hit by Fraud Tied to Metals, Health Insurance

A US citizen living in Colombia fraudulently raised more than $63 million from over 330 investors through the sale of promissory notes and limited partnership interests that guaranteed high returns but weren’t backed by legitimate business operations, the SEC said.

Trump Asks Supreme Court to Let Him Fire FTC Commissioner

President Donald Trump asked the US Supreme Court to let him fire the only remaining Democrat on the Federal Trade Commission, teeing up a case that could overturn a 90-year-old precedent and give the White House tighter control over federal regulators.

Tronox Investor Sues After Record Stock Drop on Sales Setback

Tronox Holdings PLC and two of its top executives were accused in a proposed class action of misrepresenting the chemical company’s ability to forecast demand for its key pigment and zircon products.

Crypto Boosters Stripe and Paradigm Tease Payments Blockchain

Payments giant Stripe Inc. and crypto investment firm Paradigm are incubating a new blockchain designed for stablecoin payments.

Smaller Banks Tackle $395 Billion Bond Headache With Share Sales

Regional and community lenders are turning to stock sales to help them shore up their low-yielding bond portfolios, as the US banking sector grapples with $395 billion in unrealized losses.

Trump’s Fed Pick Draws Democratic Fire at Confirmation Hearing

President Donald Trump’s pick to fill a vacant seat on the Federal Reserve’s Board of Governors pushed back against Democratic concerns that he would merely do Trump’s bidding at the central bank, even as he acknowledged he would retain his White House job.