News Highlights: Top Financial Services News of the Day - Tuesday at 12 AM ET
ABN AMRO to Buy Private German Bank for EUR672 Million
ABN AMRO has agreed to acquire a private bank in Germany for $729.7 million, solidifying its position as one of the country's top three wealth-management firms.
Whistleblowers, Yachts and Lawyers: FTX Examiner's Key Takeaways
FTX paid more than $25 million to seven whistleblowers, an independent examiner found. Here's what else was in the 210-page report.
Walmart and Capital One End Credit-Card Partnership
The retailer has been trying to sever ties with Capital One for over a year.
Morgan Stanley's Gorman Will Step Down as Chair This Year
James Gorman had retained his chairman role when he retired as CEO at the end of 2023.
SEC Widens Accessibility of Crypto Investing With Approval of ETFs for Ether
The new funds will allow mainstream investors to buy and sell the cryptocurrency as easily as stocks or mutual funds.
Toronto-Dominion Bank Fired More Than a Dozen in Wake of Anti-Money-Laundering Failings, Source Says
Chief Executive Bharat Masrani said the bank took action against responsible employees, including termination, but didn't disclose specific numbers.
FTX Examiner Backs Sullivan & Cromwell as Failed Exchange's Bankruptcy Counsel
An examiner appointed to investigate Sullivan & Cromwell's role as main bankruptcy attorneys for FTX largely affirmed an earlier ruling by a bankruptcy judge that the law firm didn't have any significant conflicts of interest that should have disqualified it.
Hargreaves Lansdown Jumps After Becoming a Private-Equity Takeover Target
Hargreaves Lansdown shares rose to their highest price in more than two years after the U.K.'s largest direct-to-consumer investment platform rejected a surprise $5.9 billion takeover offer from a private-equity consortium.
Aviva Backs Guidance After Rise in Premiums
The insurer and asset manager said it was on track to meet targets after its general insurance gross written premiums reached $3.4 billion for the first quarter.
Julius Baer Flags Recovery in Client Activity
The private bank's assets under management stood at $514 billion at the end of April, boosted by a positive currency impact and strong stock markets which was partly offset by lower bond market valuations.
(END) Dow Jones Newswires
May 28, 2024 00:15 ET (04:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks