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

Germany to Keep Commerzbank Shares After UniCredit Takes Stake 
 

The government said it won't offload any additional shares in the bank following the sale to UniCredit for EUR702 million. The move marks an U-turn for the government.

 
The Lone Dissenter Inside the Fed Who Voted Against Powell's Rate Cut 
 

Governor Michelle Bowman, who supported a smaller cut, said she worries that moving too fast looks like 'a premature declaration of victory.'

 
Annuities' New Golden Age Probably Isn't Over Yet 
 

High rates have helped annuity sales, but so have other forces.

 
How Five Wall Street Investors Will Trade Falling Interest Rates 
 

The world of 5% yields is ending.

 
Solving the Mystery of an Investment That's Too Good to Be True 
 

Chasing the promise of a 17.1% return reveals nonexistent companies, illusory returns and unlicensed salespeople making absurd claims.

 
Europe's Banks Are Takeover Targets. How to Invest. 
 

Italy's UniCredit has taken a 9% stake in Germany's Commerzbank, setting the stage for a pathbreaking cross-border takeover.

 
Financial Services Roundup: Market Talk 
 

Read about HSBC, Allianz and more in the latest Market Talks covering Financial Services.

 
Berkshire Hathaway Sells More Bank of America Stock. Here's How Much It Has Left. 
 

Warren Buffett's conglomerate unloaded another $900 million worth of shares.

 
KKR Secures About a Third of Fuji Soft, Dousing Hopes of Bidding War 
 

Fuji Soft shares fell sharply on fading expectations of a bidding war after two key shareholders of the software developer agreed to KKR's tender offer.

 
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.

(END) Dow Jones Newswires

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

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