JPMorgan, Citi and Big Banks Plan New Tokenized Deposit System to Answer Crypto
The new network could help banks contend with a wave of new competition from stablecoins and crypto firms.
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Financial Services Roundup: Market Talk
Find insight on Bank of China, Commerzbank, Reserve Bank of India and more in the latest Market Talks covering Financial Services.
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Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund
The fund capped client redemptions at 5%, an about-face from Blackstone's decision to pay out all requests earlier this year.
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Commerzbank Asks Regulator to Review UniCredit Offer Support Levels
The move escalates a tussle between Commerzbank and its largest shareholder, with less than two weeks left for UniCredit's offer to buy the stake in the German bank it doesn't already own.
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Canadian Government Plans $360 Million Tech Growth Fund in Effort to Drive Sovereign AI Industry
The fund, part of the Canadian government's new national artificial-intelligence strategy, aims to support promising AI companies.
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Partners Group Warns Evergreen Funds Will Slow Assets Under Management Growth
The company expects overall assets under management growth to be dragged by demand from investors to get money back from a flagship private markets platform.
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S4 Capital's Sorrell Says Company Needs to Do More to Drive Top-Line Growth
The executive chairman said the digital-advertising company isn't making sufficient progress to drive top-line growth and profitability, and that he expects clients to remain cautious in the near term.
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Citi Names New Head of Strategy as Jane Fraser Steers Bank Into 'Next Phase'
Margo Pilic will be Citi's new head of strategy, M&A, and investor relations.
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Bill Ackman's Pershing Square Set to Make $600 Million on Universal Stake
The hedge-fund firm first invested in the company in 2021 and has failed to clinch two proposed deals.
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Tech's Biggest Bull Was in Despair. An AI Spree Has Him Back on Top.
SoftBank's Masayoshi Son said his Tokyo-based tech conglomerate would unleash at least $52 billion of investment in French data centers.
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Configure Partners Launches Secondary-Advisory Group
The private-credit adviser aims to fill a gap assisting midmarket private-equity managers on secondary deals.
(END) Dow Jones Newswires
June 05, 2026 11:00 ET (15:00 GMT)
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