News Highlights: Top Financial Services News of the Day - Monday at 7 AM ET

Vanguard's Die-Hard Customers Have a Message for New CEO: 'The Service Is Abysmal' 
 

Salim Ramji takes the helm Monday, and many clients are hoping he will fix customer service.

 
Insurers Pocketed $50 Billion From Medicare for Diseases No Doctor Treated 
 

Questionable diagnoses of HIV and other maladies triggered extra Medicare Advantage payments. "It's anatomically impossible," said one doctor about some cataract diagnoses.

 
JPMorgan Chase, Citi and Wells Fargo earnings to follow strength in their stocks 
 

U.S.'s largest banks draw investor support as havens from sector headwinds from commercial real estate woes.

 
JPMorgan Warns Customers: Prepare to Pay for Checking Accounts 
 

The head of Chase said bank customers stand to lose out on everything from free checking accounts to credit score trackers if Washington enacts new rules.

 
Nordea Faces Court Case in Denmark Over Anti-Money-Laundering Shortcomings 
 

Bank says a previously booked provision would be enough to cover any outcome.

 
Private Equity's Diverging Deal Making and Fundraising Outlooks 
 

Views on the industry often depend on which side of the market the firm occupies.

 
Pro Take: Private Credit Embraces Nontraded Business Development Companies 
 

Perpetual nontraded business development companies made up 42% of all BDC assets in 2023, fueling the expansion of the private-credit market.

 
Bank Earnings Are Key to More Gains 
 

Stocks could be choppy over the next few months as investors await clarity about inflation. That might be a good thing.

 
Barclays Sells German Consumer Finance Business to Austria's Bawag 
 

Barclays said its Hamburg-based Consumer Bank Europe-which offers diversified retail banking services to the German and Austrian markets-will be bought for a small premium to net assets.

 
Discover in Settlement to Resolve Card Product Misclassification Suit 
 

Discover increased its liability to provide refunds as a result of the misclassification to $1.2 billion, which is expected to cover all payments under the settlement, the company said.

(END) Dow Jones Newswires

July 08, 2024 07:15 ET (11:15 GMT)

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