News Highlights: Top Financial Services News of the Day - Thursday at 4 PM ET

Charlesbank Advances Technology Strategy With Nearly $1.28 Billion Fund 
 

The Boston firm's second tech-focused fund closed well above its $700 million predecessor.

 
Sainsbury's Offloads Bank Assets to NatWest 
 

Sainsbury's is selling its core banking business to NatWest for an undisclosed sum, as part of its plan to focus on retail, and said it would return GBP250 million of excess capital to shareholders.

 
Fed's Kashkari sees some signs of 'some softening' in the economy 
 

The strength of the U.S. economy has been a pleasant surprise, Minneapolis Fed President Neel Kashkari said Thursday, adding that the fundamentals of the economy are sound.

 
M&A Rebounds Despite High Interest Rate Environment, PwC Says 
 

The dealmaking environment has begun to thaw despite the persistence of high interest rates, as buyers splurge on larger deals.

 
Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain. 
 

After a wave of failures, the lenders are paying the fund managers to share their risk.

 
Financial Services Roundup: Market Talk 
 

Find insight on Adyen, Banco Comercial Portugues, NatWest, and more in the latest Market Talks covering the Financial Services sector.

 
Fengate Acquires Canada Data-Storage Firm eStruxture in $1.3 Billion Deal 
 

Toronto-based Fengate Asset Management has acquired control of a data-center services provider in one of the biggest privately-led Canadian deals of the year.

 
Inside Citigroup's Most Mysterious Business 
 

A business that has long stood in the shadows of pretty much everything else in Citi's portfolio makes up half of its total profit. An investor day highlighted its hidden value.

 
Plan for New Accounting Rules on Software Costs Moves Forward 
 

The Financial Accounting Standards Board's scaled-back proposal would take more software off the balance sheet for companies that internally use it.

 
Crypto Collective Hector Files U.S. Bankruptcy to Stave Off Lawsuit 
 

Cryptocurrency collective Hector DAO has filed for bankruptcy protection in the U.S. after token holders accused it of breaching its duties to users.

(END) Dow Jones Newswires

June 20, 2024 16:15 ET (20:15 GMT)

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