News Highlights: Top Financial Services News of the Day - Tuesday at 12 AM ET

Dow Jones
05-06
 
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.

 
Santander to Sell Poland Assets to Austria's Erste Group for $7.9 Billion 
 

Banco Santander agreed to sell most of its Polish assets to Austria's Erste Group Bank, continuing a wave of dealmaking among European lenders.

 
Trump Administration Threatens Schools With Student-Loan Restrictions 
 

The administration is invoking rules that allow the government to shut off the federal student-loan spigot for specific schools if too many of their former students have lapsed on payments.

 
Greg Abel's Challenge: Lead Berkshire Into a New Era Without the Buffett Touch 
 

Warren Buffett has done what he can to prepare his successor at Berkshire Hathaway. But there is one thing that can't be simply handed off: the Buffett brand.

 
Atlas Holdings Raises Over $6.4 Billion to Back Troubled Companies 
 

The firm wraps up its latest fund as the U.S. economy enters new levels of uncertainty under President Trump.

 
Financial Services Roundup: Market Talk 
 

Find insights on the Erste Group-Banco Santander deal, Chinese bank-deal prospects and more in the latest Market Talks covering financial services.

 
 

(END) Dow Jones Newswires

May 06, 2025 00:00 ET (04:00 GMT)

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