Old-School Floor Traders Finally Get Their Day in Court Against CME
A trial began in a long-running lawsuit by Chicago traders who say they were harmed by the exchange's launch of electronic markets.
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BlackRock Acquires ElmTree Funds as It Continues Private-Markets Push
The real estate-focused firm will be added to an internal BlackRock group that now includes HPS Investment Partners.
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FTX's Chinese Customers in Limbo Over Local Crypto Crackdown
Defunct exchange says holders of 5% of all crypto claims are in China or other areas where crypto transactions are restricted.
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Financial Services Roundup: Market Talk
Find insight on Wells Fargo, Canadian banks and more in the latest Market Talks covering Financial Services.
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India Cracks Down on Jane Street's Lucrative Derivatives Trades
India has barred Jane Street from the country's financial markets and said it would seize around $570 million that the U.S. securities firm made from allegedly fraudulent trades.
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Hilco Global to Sell Majority Stake, Launch Direct Lending Unit
The U.S. arm of Japanese investment firm Orix has agreed to acquire 70% of Hilco and commit $1 billion to its new lending business focusing on private credit, sources say.
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Apollo-Backed Athora Buys U.K. Insurer for $7.8 Billion
The acquisition of Pension Insurance Corp. would effectively turn the specialist insurer into Athora's U.K. insurance business.
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Italy's BPER Banca Bumps Popolare Di Sondrio Offer to $6.4 Billion
BPER added $530 million in cash to its original bid.
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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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A 'New Era for Bank Regulation' Has Arrived. The Stocks Are Big Winners.
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.
(END) Dow Jones Newswires
July 08, 2025 00:00 ET (04:00 GMT)
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