Funding & Business
Apollo’s Rowan Urges Leniency for Javice in JPMorgan Fraud Case
Apollo Global Management Chief Executive Officer Marc Rowan urged a judge to be lenient when he sentences Charlie Javice later this month for defrauding JPMorgan Chase & Co. in its $175 million acquisition of her student finance startup.
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A growing number of economists believe the Bank of England has finished cutting interest rates as policymakers struggle to contain a fresh spike in inflation, a sentiment likely bolstered by fresh jobs data. The number of employees on payrolls dropped a further 8,000 in August, the Office for National Statistics said on Tuesday, smaller than the 12,000 decline forecast on average by economists surveyed by Bloomberg. Inflation data on Wednesday will underscore the policy headaches facing rate-set
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BNP Paribas Group Chief Economist Isabelle Mateos Y Lago discusses the US economic situation as Federal Reserve prepares to deliver its interest-rate decision this week. “I think it makes sense for the Fed to tilt a little bit its posture towards paying attention to employment, but it’s not as if it can take its eyes away from the inflation ball,” she tells Bloomberg Television. (Source: Bloomberg)
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UBS Group AG is facing a $26 billion increase in capital requirements leveled by its home government, Switzerland. Bloomberg’s Myriam Balezou reports.
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