News Highlights: Top Financial Services News of the Day - Friday at 11 AM ET
Perpetual Sells Bonds, Cuts Cash as Fed Slows Quantitative Tightening
Australian money manager Perpetual sold off some government bonds and cut its cash holdings in its flagship fixed-income fund following the Federal Reserve's recent decision to reduce its balance sheet at a slower pace.
Banks Pressed to Screen for Money Flow From Fentanyl Precursors
An alert by the U.S.'s financial crimes watchdog asks banks to file suspicious activity reports in connection to procurement networks for chemicals that go into the production of illicit fentanyl.
Financial Services Roundup: Market Talk
Find insight on Hong Kong Exchanges & Clearing, TMBThanachart Bank and more in the latest Market Talks covering the Financial Services sector.
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.
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.
(END) Dow Jones Newswires
June 21, 2024 11:15 ET (15:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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