AI Threatens a Wall Street Cash Cow: Financial and Legal Data
Stock market losses highlighted the expanding threat of AI-driven disruption for financial services and the sector's white-collar professionals.
----
Brookfield Asset Management Names Connor Teskey CEO
Brookfield Asset Management named Connor Teskey as successor to long-serving Chief Executive Bruce Flatt, who will remain chairman as well as CEO of parent Brookfield.
----
UBS Shares Fall After Money Outflows Hit U.S. Wealth-Management Business
The unit brought in $8.5 billion in net new assets last quarter, a sharp drop compared with $38 billion in the previous quarter.
----
Spain's Santander Launches Buyback Alongside Earnings Beat
The lender reported a 15% rise in net profit for the last quarter of 2025 and approved a €5 billion share-buyback program.
----
Credit Agricole Profit Slides on Banco BPM Stake Consolidation
The French lender's profit was down 39% from the year-ago period as a charge linked to its stake in Banco BPM overshadowed growth across its business.
----
Zurich Insurance Reaches $11 Billion Deal to Buy U.K. Insurer Beazley
The Swiss insurer has been courting Beazley since last year and in January went public with several offers that were turned down.
----
Recently Formed BayHawk Capital Raises $616 Million for Debut Fund
The final tally collected by the roughly two-year-old Boston firm exceeded a $475 million goal.
----
Financial Services Roundup: Market Talk
Find insight on UBS Group, Zurich Insurance, Santander and more in the latest Market Talks covering Financial Services.
----
Hundreds of Swiss Bank Accounts With Suspected Nazi Links Found by Investigators
The revelations come as Swiss bank UBS uses a legal fight to curb Jewish groups from reopening a decades-old settlement.
----
PayPal Replaces CEO as It Flags Lower Earnings
PayPal shares plunged after it said its board decided "the pace of change and execution was not in line" with expectations.
----
Ken Griffin Says CEOs Find Trump's Interference 'Distasteful'
The billionaire Citadel founder hinted he could run for political office or work in government in the future.
----
Fed's Barkin Says We Have Been Bringing Rates Back Down Toward Neutral Levels
Thomas Barkin, president of the Federal Reserve Bank of Richmond, said as the inflation rate has fallen, the Fed has been bringing interest rates back down toward neutral levels.
(END) Dow Jones Newswires
February 04, 2026 11:00 ET (16:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.