Firms Estimate Hurricane Ida Could Cause Over $15 Billion in Insured Losses 
 

Hundreds of thousands of homes are seen as at risk from the storm, which made landfall in New Orleans Sunday.


 
Private-Equity Firm CVC Capital Partners Returning to Australia 
 

CVC Capital Partners will return to Australia after a nine-year absence, rebuilding its presence in what it called one of the most active private-equity markets in Asia-Pacific.


 
Abry Seeks $625 Million for Second Fund Focused on Smaller Deals 
 

Abry Partners is seeking $625 million from investors for its second fund targeting investments in lower midmarket companies, according to people familiar with the fundraising efforts.


 
Fidelity Wants to Add 9,000 Jobs by Year-End 
 

The investing firm's hiring push is its third in the past year as brokerage firms deal with increased customer demand for trading stocks.


 
Appeals Court Revives Madoff Lawsuits Alleging Banks Knew 'Suspicious Facts' 
 

A U.S. appeals court said that Citigroup must face a lawsuit over Bernie Madoff's Ponzi scheme that seeks to recover $343 million the bank allegedly received after it became aware the funds might have suspicious origins


 
Treasury Department Seeks Public Input on Insurance Companies' Climate-Risk Data 
 

A Treasury office charged with monitoring the insurance industry is seeking public input for 75 days on how climate change could affect private insurers.


 
Members Exchange Urges Regulators to Allow Half-Penny Stock Prices 
 

MEMX says its proposal would lower costs for investors by reducing the difference between the buying and selling prices of a stock.


 
Crestview to Invest $200 Million in Automation Company JMP Solutions 
 

Crestview Partners has committed as much as $200 million to Canadian automation company JMP Solutions, as the private-equity firm looks to replicate an investment in a similar business it sold two years ago.


 
Robinhood Stock Drops After SEC Chairman Warns on Order Practice 
 

The Securities and Exchange Commission's Gary Gensler signaled he was open to banning the practice, known as payment for order flow, that accounts for most of the online brokerage's revenue.


 
SEC Sanctions Brokerages Over Email Break-Ins 
 

The enforcement actions are the latest example of the U.S. Securities and Exchange Commission penalizing brokerages and money managers over hacks. The SEC alleged the three firms failed to implement adequate policies to protect customer information and respond to cybersecurity risks

(END) Dow Jones Newswires

09-01-21 0015ET