News Highlights: Top Financial Services News of the Day - Friday at 11 AM ET

ICBC's Profit Slips as Low Rates Weigh 
 

Industrial & Commercial Bank of China, said first-half net profit dipped on lower earnings from lending amid declining interest rates in the world's second-largest economy.

 
Private Equity's Hot Deal Summer 
 

Industry insiders say the livelier-than-expected summer points to a busy year-end.

 
Fed Announces Final Individual Capital Requirements for Large Banks 
 

The Federal Reserve Board unveiled the final individual capital requirements for all large banks, and modified the stress capital buffer requirement for Goldman Sachs.

 
There's a China-Shaped Hole in the Global Economy 
 

China's low-consuming, high-investing economy guarantees conflict with other countries.

 
Financial Services Roundup: Market Talk 
 

Canadian Imperial Bank of Commerce, Royal Bank of Canada and more in the latest Market Talks covering Financial Services.

 
Two Businessmen Sentenced to Prison Over 1MDB Fraud 
 

Tarek Obaid and Patrick Mahony helped Malaysian financier Jho Low steal and launder $1.8 billion, a Swiss court found.

 
Feuding Founders of Two Sigma Hedge Fund Stepping Down 
 

The founders of hedge fund Two Sigma have agreed to step down, resolving a long-running feud between the quant-trading pioneers.

 
Call It the Mag 8. Berkshire Hathaway Joins the $1 Trillion Club. 
 

Warren Buffet's investment company became the eighth American company to close at a market value above $1 trillion.

 
Supreme Court Declines to Restart Biden's Latest Student Debt Relief Plan 
 

An income-based repayment program was blocked by a lower court, where litigation continues.

 
Treasury Loosens Final Anti-Money-Laundering Rules for Investment Advisers, Real-Estate Agents 
 

Rules meant to prevent criminals from laundering illicit money through investments or real estate are slated to go into effect by the beginning of 2025.

(END) Dow Jones Newswires

August 30, 2024 11:15 ET (15:15 GMT)

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