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

Goldman Sachs to Lay Off Over 1,300 Workers 
 

The layoffs are part of an annual review process that culls low performers.

 
China's Central Bank Starts Govt Bond Trading in Highly Anticipated Move 
 

About $14 billion has been injected into the financial system via open market operations after concerns about the risks posed by the country's extended bond rally, which has pushed Chinese long-term yields to record lows.

 
When Interest Rates Go Down, the Hucksters Spring Up 
 

An investment-advisory firm was promoting 'guaranteed' annual yields of up to 17.1%-until our columnist started asking questions.

 
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 
 

Find insight on Credit Agricole, Bank Mandiri, Hong Leong Bank and more in the latest Market Talks covering Financial Services.

 
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.

 
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.

(END) Dow Jones Newswires

August 30, 2024 16:15 ET (20:15 GMT)

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