BlackRock set for showdown over political power plays
BlackRock is set for a showdown with the largest US labour union federation, AFL-CIO, at its AGM today, with the asset management giant facing a rare shareholder rebellion over its political lobbying. (FN)

New York regulator fines BNP Paribas for FX rigging
BNP Paribas has agreed to pay $350m to resolve allegations by the New York Department of Financial Services that its foreign-exchange traders manipulated currency rates between 2007 and 2013. (WSJ)