Groupe BPCE to Buy Novo Banco for $7.4 Billion
The French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking.
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Lawyers, Auditors to Cough Up Fees After Financial Company's $2 Billion Collapse
The litigation trust for bankrupt financial company GWG Holdings has obtained settlements from some of its professional advisers while pursuing lawsuits against others.
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Chime Financial Is the Latest IPO to Soar in Debut
Chime Financial's stock jumped in its stock-market debut Thursday, the latest sign the U.S. initial public offering market is awakening.
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Why Larry Fink Sees BlackRock Shares, Income Doubling by 2030
The world's largest asset manager plans to raise $400 billion from clients by 2030 for its funds that invest in private equity, private credit, real estate, infrastructure and other so-called alternatives to public stocks and bonds.
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Financial Services Roundup: Market Talk
Find insight on ESG funds, ASX's five-year strategy and more in the latest Market Talks covering financial services.
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Norway Wealth Fund Finds TD Bank an 'Unacceptable Risk'
Norway's $1.9 trillion sovereign wealth fund has placed Toronto-Dominion Bank under observation for a period of four years over financial crime concerns.
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Coatue Management's Philippe Laffont Sees 2025 as 'Year of the Privates'
The investor points to artificial intelligence and other disruptive technologies as key areas for future investment.
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Professional Investors Worry They're Falling Behind in Alts, Survey Finds
More than 90% of institutional investors and advisors say they plan to increase their exposure to private markets in the next two years.
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More Financial Advisers Are Outsourcing Investment Decisions
Assets following model portfolios rose to a record $8 trillion in April.
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Chime IPO: Stock Soars in Nasdaq Debut, Valuing It at Nearly $14 Billion
Chime, a digital bank popular with younger customers, is the latest tech firm to go public. The stock will begin trading Thursday under the ticker symbol CHYM.
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The Great ETF Fee War Is Over. You Can Still Get Burned.
Last year, the average asset-weighted fee for index funds stood at 0.11%, essentially flat with 2023. A decade ago, the average fee was 0.19%.
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PwC Overhauls U.S. Advisory Arm, Boosts Hiring to Offer More Industry-Specific Services
PricewaterhouseCoopers is overhauling the structure of its U.S. advisory business and hiring for thousands of roles as it sees recovering demand for such services.
(END) Dow Jones Newswires
June 13, 2025 16:00 ET (20:00 GMT)
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