Bank of America fined $1.2bn over money laundering failures
US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US border
Economic news
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Mortgages, diesel and the US midterms
Americans are still spending, despite their complaints about the economy
Saudi-led coalition strikes Houthi targets in Yemen capital
Donald Trump accuses Iran-backed militants of deliberately trying to drive up oil prices ahead of the US midterm elections
The latest inflation data is expected to show price increases are accelerating
Economists expect the consumer price index for September to rise 0.6% on the month and 3.6% year over year.
Chip stocks slide after Broadcom boss warns of ‘casino’ mentality in AI investing
Declines for Samsung and SK Hynix drag Kospi sharply lower as investors fret over scale of AI investment
London Stock Exchange owner in talks to buy credit specialist Octus
Deal with private equity group Permira could value data group at $3.5bn