News Highlights: Top Financial Services News of the Day - Thursday at 12 AM ET

Fed Officials Saw Longer Wait for Rate Cuts After Inflation Setbacks 
 

Minutes of their last meeting revealed some officials were open to raising rates if inflation reaccelerated.

 
SEC's $10 Million Fine of NYSE Owner Shows Focus on Cyber Disclosures 
 

The regulator says Intercontinental Exchange failed to report a 2021 breach for days.

 
Snowflake boosts its forecast, and Wall Street breathes a sigh of relief 
 

Snowflake's stock is rising but paring gains, as the outlook implies deceleration.

 
A $444 Billion 'Fat Finger' Trade Crashed Stocks. Now Citigroup Is Paying the Price. 
 

Citigroup agreed to pay U.K. regulators $78 million, after a botched 2022 order to sell shares caused a brief "flash crash" in European stocks.

 
FTX's Sam Bankman-Fried Being Transferred to New Prison 
 

He sought to stay in New York while helping to prepare his appeal.

 
Oaktree Capital Takes Control of Inter Milan, Italy's Soccer Champions 
 

Private-credit fund used Covid-era loan to seize team from Chinese owner.

 
CPP Investment Board CEO Warns About Undermining Fund With Domestic Mandates 
 

Restricting investments to Canada "would undermine the long-term sustainability of the fund," John Graham said.

 
30-year mortgage rate drops to a seven-week low 
 

Mortgage rates fell for the third week in a row, boosting refinancing activity.

 
Permira Seeks EUR750 Million for New Credit Fund 
 

The London private-equity firm is launching its first fund in two-year-old opportunistic debt strategy.

 
Crypto Takes Aim at 2024 Elections 
 

Coinbase, Kraken and others are fighting for survival after a regulatory crackdown.

(END) Dow Jones Newswires

May 23, 2024 00:15 ET (04:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.