US Justice Officials Seek Details on Tullett-ICAP Deal – Reuters The U.S. Department of Justice has requested additional information over British interdealer broker Tullett Prebon Plc’s proposed acquisition ICAP Plc’s voice broking business, the companies said on Tuesday.
Citi Strikes $23M ‘Ice Breaker’ Settlement in Libor Action – Law360 Citigroup has reached a $23 million “ice breaker” settlement in a class action suit alleging it and other banks conspired to fix yen-denominated Libor interest rates, the first deal to be struck in the case, according to a filing in New York federal court.
China Will Probably Tighten Capital Controls, SocGen Says – Bloomberg China will probably have to step up capital controls as even the world’s biggest foreign-exchange stockpile won’t be sufficient to defend the yuan, according to Societe Generale SA.
Fed’s George Sees More Rate Hikes Coming Despite Market Swings – Reuters The Federal Reserve should push ahead with interest rate hikes because of the strong fundamentals of the U.S. economy, a Fed policymaker said on Tuesday, downplaying the impact of financial market volatility.
If No BOE Rate Hike Until 2018 Sounds Crazy, What About a Cut? – Bloomberg Here’s one question we never thought we’d ask in 2016: Is the Bank of England going to cut interest rates?
Wheeler Signals RBNZ Won’t Rush to Cut Rates on Low Inflation – Bloomberg New Zealand’s central bank signaled it won’t rush to cut its official cash rate further as inflation hovers near zero, saying it has the flexibility to look through the oil-price slump.
Q&A: WSJ Interview With ECB Executive Board Member Yves Mersch – Wall Street Journal (subscription) European Central Bank executive board member Yves Mersch sat down with The Wall Street Journal to discuss the European economic and inflation outlook.