BlackRock Investment Portfolios Debut on the Blockchain as Digital Tokens
Three model portfolios developed by the money manager will hold baskets of ETFs and be tokenized by Ondo Finance.
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Citi Is Rolling Out Higher Rates in New Push for Clients' Assets
Citigroup wants clients to park more of their cash and investments with the bank. It's offering incentives to make it happen.
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In the Age of AI, Cash Is Still King
Technology is increasing competition for deposits in more ways than one.
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National Stock Exchange of India Rises in Trading Debut
Shares of NSE rose as much as 5.2% from the IPO price, after the exchange operator raised $2.36 billion in India's second-largest initial public offering.
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Financial Services Roundup: Market Talk
Find insight on UBS Group, IAG and more in the latest Market Talks covering financial services.
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Wells Fargo Names COO Powell as Next Chief Risk Officer
Scott Powell will succeed Derek Flowers, who is retiring from the bank in January.
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African Fintech Airtel Money Targets $9 Billion Valuation With London Listing
The African digital financial services platform plans to list existing shares on the London Stock Exchange but won't raise new capital.
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Paychex's Sales Growth Slows
The payroll and human-resources provider on posted a fiscal first-quarter profit of $429.7 million, or $1.21 a share, compared with $383.8 million, or $1.06 a share, a year earlier.
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Fed's Barr Says More Rate Hikes Likely Needed to Return Inflation to Target
Federal Reserve Gov. Michael Barr said the economy has experienced a series of shocks over the past year and a half that has contributed to upward price pressures.
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Private-Credit Firms Are Buzzing About Getting In on JPMorgan's Card Empire
The bank has recently explored finding partners to underwrite rejected applications for its co-branded credit cards.
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Meta's Muse Comes for Financial Stocks
The rapid adoption of the new artificial-intelligence agent threatens to disrupt wealth managers, brokerages and insurers.
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Swiss Parliament's Upper House Backs Plan to Ease Capital Demands on UBS
The upper house of Swiss parliament backed a proposal to ease new capital demands on the group, while rejecting a stricter requirement in a bill put forward by the country's government.
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$5 Billion Flurry of Nearly Identical Kalshi Trades Draws Scrutiny
The rapid trades-all at nearly $5,500-occurred in a single Kalshi market. The prediction market says the trades represent normal activity.
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SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
The program will process more than $25 billion in transactions annually, SoFi said.
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Silver Lake Takes On Carl Icahn and the Merger Arbitrage World in Endeavor Fight
The private-equity firm is asking a judge to declare that Icahn and others illegally colluded to fight the $13 billion acquisition.
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Qatar Investment Authority, JPMorgan Announce $20 Billion Partnership
JPMorgan Asset Management will oversee a customized portfolio of $15 billion invested across public equities.
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