News Highlights: Top Financial Services News of the Day - Thursday at 11 AM ET
The Fed Aims to Repeat Greenspan's 1990s Masterpiece
The 1995 cuts helped lay the groundwork for a soft landing and the late '90s boom years.
Bank of England Holds Off on Rate Cut After Fed Goes Big
The U.K. central bank left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve.
South Africa Is First Country to Lower Rates After Fed Cut
SARB reduced its benchmark rate by a quarter percentage point to 8%.
TD Bank CEO Bharat Masrani to Retire, Be Succeeded by Raymond Chun
Masrani plans to retire in 2025 after 38 years with the Canadian lender and more than a decade as CEO.
Taiwan Central Bank Leaves Key Interest Rates Unchanged
Taiwan's central bank held rates steady with a watchful eye on inflation, declining to join the Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy.
Norges Bank Holds Key Rate, First Cut Seen at Beginning of 2025
Norway's central bank held its key policy rate at 4.5%, a level that is expected to remain unchanged until the end of the year as a weak krone continues to threaten efforts to bring inflation down.
Some Financial Giants Pay Paltry Rates on Investors' Cash. It's Hurting Them Now.
Brokerage firms have been earning nice profits on clients' uninvested cash. Now investors are demanding better treatment and regulators are asking questions.
Lower Rates Yield a Loser: Berkshire Hathaway
Berkshire had $277 billion in cash and equivalents at the end of the June, and the bulk of it is invested in high-yielding Treasury bills.
New Catalyst Targets $750 Million Debut Fund to Back New Managers
Los Angeles-based New Catalyst will back newer fund managers, which have borne the brunt of the pain from a private-equity fundraising slowdown in recent years.
Financial Services Roundup: Market Talk
Munich Re, Beazley and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
September 19, 2024 11:15 ET (15:15 GMT)
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