News Highlights: Top Financial Services News of the Day - Tuesday at 4 PM ET

Dow Jones

05-07

 
UBS to Pay $511 Million to Settle Credit Suisse U.S. Tax Case

The Swiss bank, which acquired Credit Suisse in 2023, settled the probe into violations of an agreement with the DOJ over American clients who evaded taxes.

 
New Real-Estate Fund Hauls in Billions to Buy Distressed Properties

Brookfield Asset Management raised $5.9 billion in the first quarter to lift the fund's total to $16 billion.

 
New Tech Fund Backed by Jeff Bezos Courts Individual Investors

Coatue's fund is being anchored by $1 billion from family offices of Amazon founder and Michael Dell.

 
Newly Formed Renown Capital Partners Aims for $500 Million Debut Fund

The spinoff from hedge-fund specialist Moore Capital Management sets up shop with backing from its progenitor.

 
Financial Services Roundup: Market Talk

Find insight on Intesa Sanpaolo, AMMB Holdings and more in the latest Market Talks covering financial services.

 
Warren Buffett to Remain Berkshire Hathaway Chairman

The company said the board approved the Jan. 1 appointment of Greg Abel as chief executive.

 
Wells Fargo Hires $800 Million Advisor Team From UBS

The four-advisor team generated $6.7 million in annual revenue, according to Wells.

 
Ares CEO Says Tariffs Are Unlikely to Trigger Private Loan Impairment

Indicators of corporate distress apparent during earlier periods of market volatility aren't there now, said Michael Arougheti.

 
You're More Like Warren Buffett Than You Think

Individual investors actually have an edge over the pros, even if some don't use it.

 
Hedge Fund Goes on Losing Streak After Locking In Investors

Investors unhappy with Armistice's 19% loss in March can't leave anytime soon.

(END) Dow Jones Newswires

May 06, 2025 16:00 ET (20:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>News Highlights: Top Financial Services News of the Day - Tuesday at 4 PM ET</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE000M9KFDE8.USD","symbol_name":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533146661","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533146661","pubTimestamp":1746561600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"UBS to Pay $511 Million to Settle Credit Suisse U.S. Tax Case. The Swiss bank, which acquired Credit Suisse in 2023, settled the probe into violations of an agreement with the DOJ over American clients who evaded taxes.New Real-Estate Fund Hauls in Billions to Buy Distressed Properties. Brookfield Asset Management raised $5.9 billion in the first quarter to lift the fund's total to $16 billion.New Tech Fund Backed by Jeff Bezos Courts Individual Investors. Coatue's fund is being anchored by $1 billion from family offices of Amazon founder and Michael Dell.Newly Formed Renown Capital Partners Aims for $500 Million Debut Fund. The spinoff from hedge-fund specialist Moore Capital Management sets up shop with backing from its progenitor.Find insight on Intesa Sanpaolo, AMMB Holdings and more in the latest Market Talks covering financial services.Wells Fargo Hires $800 Million Advisor Team From UBS. The four-advisor team generated $6.7 million in annual revenue, according to Wells.Ares CEO ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0971096721.USD":"富达环球金融服务 A","BK4561":"索罗斯持仓","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","ET":"Energy 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Credit Suisse in 2023, settled the probe into violations of an agreement with the DOJ over American clients who evaded taxes. \n\n\n \nNew Real-Estate Fund Hauls in Billions to Buy Distressed Properties \n \n\n\nBrookfield Asset Management raised $5.9 billion in the first quarter to lift the fund's total to $16 billion. \n\n\n \nNew Tech Fund Backed by Jeff Bezos Courts Individual Investors \n \n\n\n  Coatue's fund is being anchored by $1 billion from family offices of Amazon founder and Michael Dell. \n\n\n \nNewly Formed Renown Capital Partners Aims for $500 Million Debut Fund \n \n\n\n  The spinoff from hedge-fund specialist Moore Capital Management sets up shop with backing from its progenitor. \n\n\n \nFinancial Services Roundup: Market Talk \n \n\n\n  Find insight on Intesa Sanpaolo, AMMB Holdings and more in the latest Market Talks covering financial services. \n\n\n \nWarren Buffett to Remain Berkshire Hathaway Chairman \n \n\n\n  The company said the board approved the Jan. 1 appointment of Greg Abel as chief executive. \n\n\n \nWells Fargo Hires $800 Million Advisor Team From UBS \n \n\n\n  The four-advisor team generated $6.7 million in annual revenue, according to Wells. \n\n\n \nAres CEO Says Tariffs Are Unlikely to Trigger Private Loan Impairment \n \n\n\n  Indicators of corporate distress apparent during earlier periods of market volatility aren't there now, said Michael Arougheti. \n\n\n \nYou're More Like Warren Buffett Than You Think \n \n\n\n  Individual investors actually have an edge over the pros, even if some don't use it. \n\n\n \nHedge Fund Goes on Losing Streak After Locking In Investors \n \n\n\n  Investors unhappy with Armistice's 19% loss in March can't leave anytime soon. \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 06, 2025 16:00 ET (20:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}