H.I.G. Capital Is Sued Over Cross-Fund Deal
Founder of Maillis Group alleges H.I.G. sold the company from one of its funds to another at an unfairly discounted price, handing the private-equity firm a windfall.
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JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele
David Frame is named global head of the private bank, helping deep-pocketed clients invest more abroad.
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Big Banks Keep Winning-and So Do Their Stocks
Laxer regulations and a likely drop in interest rates is spurring investor interest in the big banks.
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JPMorgan Chase Ups Dividend, Approves $50 Billion Buyback After Stress Test
The dividend increase and buyback come after the New York bank completed its stress test, which is used to assess an institution's ability to withstand financial shocks and volatility.
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Ripple Seeks a U.S. Banking License, Adding to List of Crypto Companies
A national banking charter would allow the company to hold its stablecoin reserves on its own balance sheet.
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India's Biggest IPO This Year Receives Bumper Response on Debut
The nonbanking financial firm soared on its debut, signaling strong investor interest in India's largest initial public offering of the year.
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Life Sciences Investor Catalio Raises $400 Million Venture Fund
Catalio says it has consistently returned capital to limited partners since its formation in 2020.
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Quinbrook Shuffles Leadership as It Focuses on Supply Chains, Critical Minerals
The clean-energy infrastructure investor has named its first CEO and added talent to support a minerals supply-chain strategy.
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Sabadell Seeks Shareholder Approval of Nearly $4 Billion Sale of U.K. Unit to Santander
The final price is expected to rise to £2.9 billion, when including profits that are projected to flow in through the transaction's estimated completion, Sabadell said.
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Liquidators File $2.7 Billion Lawsuit Against Standard Chartered Bank Over 1MDB Role
1MDB said the lawsuit seeks to hold the U.K. bank accountable for its role in allegedly enabling fraud to be committed against the state-controlled economic development company.
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Norway Pension Fund Drops Defense Groups Over Weapons Used in Gaza
The KLP private pension fund excluded the U.S.'s Oshkosh and Germany's Thyssenkrupp from its portfolio, citing their sales of weapons to the Israeli military.
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Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust Watchdog
The country's Competition and Markets Authority chose not to pursue a deeper investigation into the merger.
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Financial Services Roundup: Market Talk
Find insight on metro housing markets, Deutsche Bank, Sabadell and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
July 03, 2025 07:00 ET (11:00 GMT)
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