Banks
Finance
St. Louis Fed’s Bullard says the central bank should raise rates above 3% this year
James Bullard David Orrell | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week’s Fed meeting, Bullard said in a statement that […]
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Finance
London insurance firm fined £1 million over bullying, sexual harassment and heavy drinking
The interior of Lloyd’s of London, the centuries-old insurance market, is pictured in central London on April 27, 2016. Leon Neal | AFP | Getty Images LONDON — Lloyd’s of London, the U.K. insurance giant, has hit one of its member firms with a record £1.05 million ($1.38 million) fine for misconduct, which included allowing […]
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