News Highlights: Top Financial Services News of the Day - Monday at 12 AM ET

Fidelity Slashes Mobile Deposit Limits Following Fraud Wave 
 

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

 
The Giant Hedge Fund That Hates Risk and Still Wins 
 

Millennium Management's obsession with not losing money has powered $56 billion in investor gains. Its CEO, Israel "Izzy" Englander, avoids the spotlight.

 
The Disruptive Bank Deal Everyone Wanted-Until It Happened 
 

UniCredit's effort to buy Germany's Commerzbank is a test of a broader project to revive Europe's vitality and stature in the world.

 
TD Nears Guilty Plea on Criminal Charges for U.S. Unit in Money-Laundering Probe 
 

U.S. prosecutors have alleged that TD was reckless in failing to build and maintain systems that flagged and prevented money-laundering.

 
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.

 
Extreme Weather Is Hitting Americans in the Wallet 
 

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

 
Financial Services Roundup: Market Talk 
 

Find insight on gold trading, Commerzbank, Thai Credit Bank and more in the latest Market Talks covering the Financial Services sector.

 
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.

(END) Dow Jones Newswires

September 30, 2024 00:15 ET (04:15 GMT)

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