Dow Jones Top Financial Services Headlines at 7 AM ET: Revolut Applies for U.S. Bank License in Expansion Push | Nexi ...

Dow Jones
03/05

Revolut Applies for U.S. Bank License in Expansion Push

The digital bank has filed for the most comprehensive federal-level regulatory authorization possible as it joins a wave of fintech firms seeking to expand in the U.S.

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Nexi Targets Faster Growth Following Transition Year

For the current year, payments company expects performance broadly in line with 2025-when it reported a 2.1% increase in revenue

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Morgan Stanley Lays Off 2,500 Employees Across All Divisions

The layoffs of 3% of the workforce are tied to shifting business priorities and individual job performance.

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SEC's Atkins Stresses Need for 'Guardrails' for Investors in Private Markets

The comments come as ordinary investors are becoming more anxious about private credit and other alternative assets.

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Robinhood Aims High With New Products, Including a Premium Credit Card

The company is rolling out new features and services to win affluent investors as well as gain wallet share with existing customers.

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Rising Refinancing Risk as Bond Sales Surge, OECD Says

Rich-country governments will have to sell $14.5 trillion in bonds just to replace securities that are maturing, and new borrowing will likely bring total issuance to a record $18.3 trillion.

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Regulators Need to Play Catch-Up on Private-Credit Risk, Canada Central Banker Says

Global authorities must step up their surveillance of lending by nonbank players like hedge funds and institutional investors to minimize risks to financial stability, Bank of Canada Gov. Tiff Macklem said.

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Record Numbers of Workers Are Raiding Their 401(k) Savings

A divergent economy has given people record retirement savings and more need to dig into them.

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A Blackstone executive made a revealing comment about the state of private credit

A Blackstone executive made a revealing comment about the state of private credit. Analysts are now reverse engineering its implications.

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Kraken Becomes First Crypto Firm to Win Access to Fed's Core Payments System

The decision means the industry is a step closer to becoming integrated into the mainstream financial system.

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A-CAP's Problems Mount. Annuity Provider Gets Downgraded as Federal Probe Swirls.

The challenges are building for annuities specialist Advantage Capital Management. AM Best recently downgraded the insurance group, which is also facing ties to a federal securities probe.

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Financial Services Roundup: Market Talk

Find insight on Blue Owl, Kraken and more in the latest Market Talks covering Financial Services.

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Berkshire Provides Scant Fourth-Quarter Financials. Investors Need to Do Their Own Calculations.

Berkshire's longstanding approach is to mainly provide full-year information.

 

(END) Dow Jones Newswires

March 05, 2026 07:00 ET (12:00 GMT)

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