How Citigroup Can Get to the Next Level
CEO Jane Fraser has cleaned up some big problems. Now it's time for the bank to show it can excel.
----
Coinbase Global Swings to Loss Amid Softer Crypto Market
The cryptocurrency exchange posted a loss of $394.1 million as a weak crypto market weighed on its top line.
----
Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
The fintech company now expects adjusted earnings of $3.85 a share this year, a 62% uplift from 2025.
----
DraftKings Swings to First-Quarter Profit on Better Sportsbook Margins
The online sports betting company posted a profit of $21.1 million on strong engagement from a growing roster of customers.
----
Affirm Posts a Beat and Raise as Volumes Surge. The Stock is Sliding Anyway.
Affirm shares have lagged behind the broader market in 2026 amid a cooling fintech sector.
----
Citi Says It's Finally Ready to Turn the Page on Its Past
Chief Executive Jane Fraser says at the bank's first investor day in four years that Citi has "rebuilt the engine."
----
Carlyle Sees Market Opportunities With a Record $96 Billion to Invest
The firm continues to rake in capital but posted a first-quarter loss as distributable earnings slumped.
----
Corporate Card Startup Ramp Raising Funds at $40 Billion Valuation
The financing target represents a more than 30% increase from six months ago.
----
U.S. Audit Watchdog Should Rescind Its Independence Rules, SEC Official Says
Securities regulator weighs changing rules on auditor conflicts of interest, could seek scrapping of Public Company Accounting Oversight Board's standard.
----
Flexpoint Ford Gathers $1.1 Billion for Asset-Based Bets in Financial Services
The initial closings of the firm's Asset Opportunity Fund III and a parallel fund focused on insurance exceed the size of an $825 million predecessor in 2021.
----
UniCredit Strikes Deal to Sell Part of Russia Business to U.A.E. Investor
UniCredit, one of the few Western banks that continues to operate in Russia, has made its biggest step yet to exit the country.
----
Swiss Re Net Profit Gets Boost From Lower Natural-Catastrophe Losses
The reinsurer said its property-and-casualty segment benefited from low large losses and its life-and-health segment from favorable U.S. mortality trends.
----
Financial Services Roundup: Market Talk
Find insight on U.S. pending home sales, Swiss Re's premium volumes and more in the latest Market Talks covering financial services.
(END) Dow Jones Newswires
May 08, 2026 00:00 ET (04:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.