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

TD Bank Taps Veteran to Succeed Bharat Masrani as CEO 
 

Masrani plans to retire in 2025 after 38 years with the Canadian lender and more than a decade as CEO.

 
Hedge Fund Two Sigma Is in Settlement Talks With SEC 
 

The firm is likely to pay as much as $100 million to settle a probe of a trading scandal.

 
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%.

 
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.

 
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 
 

Find insight on Close Brothers, gold prices and more in the latest Market Talks covering Financial Services.

(END) Dow Jones Newswires

September 19, 2024 16:15 ET (20:15 GMT)

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