At This Private-Credit Fund, Exits Have Been Restricted for Four Years and Counting
Wealth advisers fear it could be many more years before investors get all their money out of the fund, which invests in consumer and small-business debt.
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JPMorgan Shakes Up Dimon Succession Race With Two New Presidents
JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents of the company, laying the groundwork to find candidates to succeed chief executive Jamie Dimon.
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Deutsche Bank's Former CFO Has His Eye on a CEO Role
James von Moltke, who stepped down as CFO in March but remained president, is leaving this month after overseeing a transformation of the German bank.
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Commerzbank Says Some Institutional Investors Have Accepted UniCredit's Offer
A small portion of its institutional investors have accepted UniCredit's takeover offer, Commerzbank said, after saying previously that none tendered shares.
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Startup Arca Raises Fresh $48.5 Million to Disrupt the Wealth Advisory Business
General Catalyst led the latest transaction for the startup, which uses AI to automate back-office tasks and now manages $1 billion in client assets.
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Relative Newcomer Banner Capital Lands Backing From GCM Grosvenor
The larger asset manager's support includes an anchor commitment to Banner's new commingled buyout fund.
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Financial Services Roundup: Market Talk
Find insight on UniCredit's takeover offer for Commerzbank and more in the latest Market Talks covering financial services.
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Big Banks Ace an Easier Annual Stress Test
JPMorgan and Bank of America passed the tests with flying colors after the Federal Reserve last year began releasing details of the tests in advance.
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The Lurid Lawsuit, Salami Scandal and Trash-Can Thief Vexing JPMorgan's PR Department
The country's biggest bank landed in the news again after an employee was caught taking a Knicks-themed trash can.
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Life Insurers Aren't Just Investors in Private Credit. They're Major Lenders, Too.
Roughly one-quarter of the life insurers tracked by Clearwater Analytics that own stakes in private-credit funds also lend to the funds.
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Bank of Canada Gov. Macklem Warns of Excess Imbalances Amid Shifting Financial System
Excess global imbalances are widening again, with risks of an economic disruption heightened by an increasing share of financial activity being conducted outside of the regulated banking sector, says Canada's top central banker.
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Alan Greenspan, Influential Fed Chairman Whose Legacy Was Dimmed by the Financial Crisis, Dies at 100
For 19 years, he piloted the U.S. economy through global upheaval. Critics faulted his hands-off approach to financial regulation.
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Morgan Stanley Weighs Expansion to Dallas With $1.33 Billion Office-Building Deal
If the project is carried out, Morgan Stanley would join a host of other financial institutions to establish or expand operations in Texas over the last several years.
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The Biggest Risks Threatening This Highflying Stock Market
Despite plenty of tailwinds, some investors still see causes for concern.
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All the Money Flooding Into AI Is a Giant Warning Sign
When companies as a group turn into sellers, it's a reasonable sign that stocks are very overpriced.
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Immigration Crackdown Lifts Private-Prison Stocks
So far this year, prison operators Geo Group and CoreCivic are outperforming tech and energy giants alike.
(END) Dow Jones Newswires
June 25, 2026 11:00 ET (15:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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