Champagne Toasts, Big Ambitions: Wells Fargo CEO Embraces Newfound Freedom

Charlie Scharf fielded congratulatory messages from bank executives including Jamie Dimon after being freed from a yearslong cap on growth.

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Neuberger Berman Collects Over $4 Billion for GP-Led Secondary Deals

Neuberger Berman wrapped up fundraising for one of the largest vehicles backing continuation fund deals, a type of secondary transaction that has surged in popularity as the markets for selling and listing businesses have slowed.

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Wise Shares Rise on Move to Switch Main Listing to U.S.

The money-transfer company plans to take its main listing to the U.S., the biggest market for its products, dealing another blow to the London bourse, which has been suffering over the past couple of years.

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Citi Cuts Tech Staff in China, Presses on With Brokerage Plan

Citigroup will reduce its technology workforce in China by about 3,500 as part of ongoing restructuring to streamline global operations.

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UniCredit's $10 Billion-Plus Bid for Banco BPM Gets EU Clearance

UniCredit said the EU wouldn't launch an in-depth investigation into its bid for its smaller rival, effectively clearing the takeover.

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BlackRock Is Off Texas' Blacklist. Where the ESG Battle Stands Now.

The world's largest asset manager can now do business with Texas. Here's where it stands in other states.

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Why Charles Schwab Is Taking a Slow-Go Approach to Alternative Investments

Schwab recently launched an alternative investment offering for retail investors-but the company set a high bar to participate.

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Circle Prices IPO Above Range, Valuing It at $6.8 Billion. The Stock Starts Trading Thursday.

Stablecoin company Circle is going public as optimism about Bitcoin and other digital currencies is growing.

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Letting Wells Fargo off the Leash Will Rattle Regional Banks

The giant lender can once again compete aggressively on all fronts to make up for lost ground in deposits.

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Global Investors Have a New Reason To Pull Back From U.S. Debt

After hedging currency risk, foreign investors no longer make money buying American bonds.

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Senate Confirms Michelle Bowman as Fed's Top Banking Regulator

Bowman, a Republican who has served as Fed governor since 2018, will take over the post for a four-year term.

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Wall Street Has Private Equity to Sell. The Target Is Rich Investors.

Individual investors have been slow to enter private markets, but that could change.

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Carlyle Bets $1.3 Billion on Insurance Brokerage Trucordia

The firm's latest equity investment through its Credit Opportunities strategy values Trucordia at $5.7 billion.

(END) Dow Jones Newswires

June 05, 2025 07:00 ET (11:00 GMT)

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