Ratings Firm Accused of Grade Inflation Vouched for $40 Billion of Insurer Debt
Egan-Jones says it stands by the integrity and rigor of its ratings, which have been banned by a key regulator and are the focus of a lawsuit brought by former employees.
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Hedge Fund Turning Up Pressure on Voya Financial to Sell Itself
Toms Capital Investment Management is bringing its push for the asset manager to explore a sale directly to shareholders.
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Commerzbank CEO Calls For Dialogue With UniCredit
Bettina Orlopp appealed for constructive dialogue with UniCredit after the Italian bank achieved a near majority stake in its German rival.
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DraftKings Second-Quarter Revenue Falls, Hurt by Promotions
The online sports betting company posted a loss of $67.6 million for the second quarter, compared with a profit of $157.9 million a year earlier.
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Crypto Trader Wintermute Steps Onto Regulated Wall Street With Broker License
One of many digital currency firms pushing into traditional finance services, Wintermute aims to take on Jane Street, Citadel and other big market makers.
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BlackRock BDC Moves $523 Million in Loans to Pantheon-Backed Fund
The deal involves nearly half of BlackRock TCP Capital's debt investments and the lender is studying even more drastic moves
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Financial Services Roundup: Market Talk
Find insight on home sales, Apollo Global Management, Gulf stock markets, offshore insurance policies and more in the latest Market Talks covering financial services.
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Trump Has Called Warsh Repeatedly Since He Became Fed Chair
The president has sought Kevin Warsh's counsel on issues such as how the war in Iran is affecting the economy.
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Prosecutors Probed Whistleblower Claims That JPMorgan Mishandled Fraud Cases
A former executive alleged JPMorgan improperly denied reimbursements of more than $100 million to customers who were victims of financial scams.
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Block Raises Outlook on Financial Solutions Growth
Block raised its full-year guidance and reported higher second-quarter revenue as growth in its commerce and financial solutions businesses helped to offset declines in Bitcoin.
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Carlyle Touts Fundraising Strength, Launches New Round of Flagship Vehicles
The Washington firm beat profit expectations and said it was revving up to raise a new round of funds.
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Citadel's Purchase of Situational's Stocks at Discount Is Already Paying Off
Ken Griffin's firm gained about 14% in its stock-focused hedge fund in July.
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Wells Fargo to Roll Out Tokenized Deposits for Corporate Clients
The bank is the latest to embrace blockchain to make payments and transfers faster and more efficient.
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