PRESS DIGEST- Financial Times - Nov 8

Nov 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- BlackRock (BLK) in talks to take minority stake in Millennium

- Citi revamps pay for wealth bankers

- Goldman Sachs (GS) names biggest partner class since 2010

- Federal Reserve cuts interest rates as Jay Powell says he will not resign as chair

Overview

- BlackRock (BLK) is in early-stage discussions with Millennium Management about a strategic partnership that could see the world's largest asset manager take an equity stake in one of the most profitable hedge fund managers.

- Citigroup (C/PN) is revamping pay for its private bankers in an attempt to boost sales of investment products and overhaul how the group's struggling wealth division interacts with its wealthy clients.

- Goldman Sachs (GS) has appointed 95 new partners, the biggest class since 2010, in its biennial process to refill the Wall Street bank's senior ranks.

- The Federal Reserve cut its benchmark interest rate by a quarter point on Thursday as its chair Jay Powell hailed the strength of the US economy and said he would not resign if incoming president Donald Trump asked him to. (Compiled by Bengaluru newsroom)