Blackstone's Top Private-Equity Executive Is Preparing to Leave Firm
Joseph Baratta would be the latest of several senior executives to leave private-investment giant.
----
Bank Lending to Eurozone Businesses Halved in August
The decline is a sign that rising borrowing costs following the European Central Bank's decision to raise its key interest rate are hindering investment.
----
Brookfield Has an Enviable Record of Boosting Profits. Its Stock Looks Cheap.
The Canadian alternative-asset manager is valued at 55% of a recent estimate of its asset value.
----
Financial Services Roundup: Market Talk
Find insight on Canadian banks, ETF inflows, Societe Generale and more in the latest Market Talks covering Financial Services.
----
New York State Sues Polymarket in Escalating Crackdown on Prediction Markets
The company and rival Kalshi are facing legal challenges from states around the country.
----
The Rise of the Almost-Premium Credit Card
Higher annual fees on top-tier cards have led to a reshuffling of the market, with cards just below that level targeting the not-quite-rich enough.
----
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.
----
Kalshi's Embrace of Sports Betting Tests Rules for Prediction Markets
Judges have reached conflicting decisions on whether the platform is evading state laws, setting up a potential Supreme Court showdown.
----
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.
----
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.
----
Wells Fargo Names COO Powell as Next Chief Risk Officer
Scott Powell will succeed Derek Flowers, who is retiring from the bank in January.
----
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.
Comments