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

PwC Looks to Shrink New U.S. Consulting Partner Class by More Than 50% 
 

PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines.

 
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It. 
 

Borrowing from the discount window carries a stigma officials hope to reduce.

 
U.S. Stocks Have Outperformed Europe for Years. Why That May Change for a While. 
 

J.P. Morgan makes the bullish case for selected euro-zone stocks, some pricey, some not. Plus, two very different cases where analysts stuck with calls that went bad.

 
Blackstone Says Private Equity's Two-Year 'Hibernation' Could Be Ending 
 

Firm's first-quarter profit rises as dealmaking picks up after a roughly two-year slump.

 
Wall Street Steered Billions to Blacklisted Chinese Companies, House Probe Finds 
 

The investigation focused on BlackRock, the world's largest asset manager, and MSCI, a major compiler of stock indexes. Both firms say they violated no laws.

 
Fed's Williams says he doesn't feel 'urgency' to cut rates 
 

The Federal Reserve's benchmark interest rate is in a "good place," moving inflation down, and there is no need to rush to push it lower, New York Fed President John Williams said Thursday.

 
EQT First-Quarter Assets Under Management Rose While Investments, Fund Exits Slid 
 

The Swedish private-equity firm's fee-generating assets under management were up 11% on the year, while investment by its funds fell by a fifth and gross fund exits dropped by half.

 
Companies Belly Up to Cash Buffet, in Five Charts 
 

With high rates beckoning, the dash to money-market funds and other high-yielding accounts is expected to continue-even if the Fed cuts rates, advisers say.

 
Grayscale's Once-Mighty Fund Is Bleeding Bitcoin 
 

The asset manager has resisted a significant fee cut, betting that rising bitcoin prices will continue to buoy its fortunes.

 
Pension Funds Are Pulling Hundreds of Billions From Stocks 
 

Stock portfolios at large pension funds had a blockbuster run. Now, managers are cashing out and shifting money into bonds.

(END) Dow Jones Newswires

April 19, 2024 07:15 ET (11:15 GMT)

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