Goldman Takes the Lead in Carry Pay for Bankers
The Wall Street bank distributed more than $9 million in profits from private-markets operations to top executives this year.
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UniCredit's Banco BPM Bid Gets Conditional EU Nod
The decision clears a hurdle for the deal to go ahead after Italian officials tried to intervene on national security grounds.
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Switzerland's New Capital Rules Will Be Feasible for UBS, Central Bank Says
The required capital increase will be achievable for the banking giant and shouldn't excessively reduce its shareholder distributions, the Swiss National Bank said.
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Bank of Montreal to Buy Burgundy Asset Management
The $456.4 million acquisition expands the bank's wealth management segment as well as strengthen its offering in the Canadian Investment Counsel space, the companies said.
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Standard Bank Confirms Guidance After Strong Start to Year
The South African bank stuck to its annual guidance after reporting a strong performance for the first five months of the year.
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Warren Buffett Likely to Give Away $6B in Berkshire Stock Soon. How Much He'll Have Left.
Buffett started the giving program in 2006.
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Credit Card Annual Fees Are Going Up. What It Means for the Stocks.
Chase will up the annual fee for its Sapphire card and Amex could do the same for Platinum holders.
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Stifel Hires $2.1 Billion Advisor Team From Oppenheimer in Latest Recruiting Win
The team includes four industry veterans, one with 57 years in the business.
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Stablecoin Legislation Will Juice Demand for Treasurys-to a Point
Issuers of digital currencies need Treasury bills for their reserves, but analysts say the consequences are uncertain.
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Prudential Unit Lends $500 Million in Private Credit to Affirm
Nonbank lenders like Affirm are cultivating stables of large financing partners to ensure they have sufficient capital to lend, even when public debt markets freeze up.
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Fed Holds Rates Steady and Keeps Door Open to Cuts
Officials are waiting to see if businesses manage higher costs from tariffs by trimming profits or pushing up prices.
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UBS Among Companies Hit by Data Leak After Cyberattack on Procurement Firm
Bank supplier Chain IQ, said it had been targeted alongside 19 other companies in a cyberattack that led to a leak of data subsequently published on the dark web.
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Private Equity's IPO Exit Doors Expected to Open Wide in Second Half
Private equity-backed companies' initial public offerings appear poised to take off in this year's second half as the exit channel reopens and emboldens businesses, industry insiders say.
(END) Dow Jones Newswires
June 20, 2025 07:00 ET (11:00 GMT)
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