News Highlights: Top Financial Services News of the Day - Friday at 7 AM ET

StepStone Collects $7.4 Billion for Private-Equity Secondary Deals 
 

StepStone wrapped up its latest fund focused on secondhand private-equity assets with more than double the amount it raised for the fund's predecessor.

 
Fidelity Slashes Deposit Limits Following Fraud Wave 
 

Online check-fraud scheme shares some similarities with the fraud wave that hit JPMorgan Chase.

 
Extreme Weather Is Hitting Americans in the Wallet 
 

Cities and counties are selling bonds to cover costs from storms and drought.

 
Commerzbank Confirms Independent Strategy Ahead of Talks With UniCredit 
 

The German lender said it planned to improve its profitability and boost shareholder returns as it grapples with a possible takeover attempt by Italy's UniCredit.

 
Citi and Apollo ink latest financial alliance as private-credit deals explode 
 

Citi and Apollo plan a $25 billion private-credit program with capital from insurance annuity company Athene and Abu Dhabi's Mubadala Investment Co.

 
Fed's Rate Cut Is Jolting Small Businesses to Spend Again 
 

From restarting expansion plans to boosting marketing, some entrepreneurs are preparing for lower borrowing costs. Others say not so fast.

 
When Will Money-Market Funds Lose Their Allure? 
 

Cash has been one of the hottest investments since 2020. Now, some investors are weighing when to get out.

 
Financial Services Roundup: Market Talk 
 

Read about Commerzbank, UniCredit and more in the latest Market Talks covering Financial Services.

 
UniCredit Sees All Options Open for Commerzbank Stake but Won't Seek Board Seat 
 

Italy's UniCredit won't seek a seat on Commerzbank's supervisory board despite a recent move to become the German bank's biggest shareholder, UniCredit's chief executive said Wednesday.

 
The Two Big Insurers Still Betting on Fossil Fuels 
 

Most companies have cut back on oil, gas and coal investments after big climate-related losses. But State Farm and Berkshire Hathaway's insurance companies increased theirs.

(END) Dow Jones Newswires

September 27, 2024 07:15 ET (11:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.