Agreement is for far less than what other big banks have paid to settle money laundering probes in recent years

Citigroup has agreed to pay the Justice Department and US attorney’s office in Boston $97.44m to settle an investigation into money laundering, 

write Emily Glazer and Telis Demos for The Wall Street Journal.

Under the terms of the agreement, Citi admitted that its Banamex USA unit violated the Bank Secrecy Act from at least 2007 until at least 2012. The bank said it was "pleased to resolve these matters".

Citi reaches $100m money laundering settlement

FN Staff

Citigroup

BNP Paribas

JP Morgan

HSBC

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The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

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In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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