Dow Jones Top Financial Services Headlines at 7 AM ET: Where Things Stand on the GOP Megabill's Most Contentious Proposals | Goldman's ...

Dow Jones
Jul 01, 2025

Where Things Stand on the GOP Megabill's Most Contentious Proposals

Republicans looking to get their sprawling tax and spending bill to President Trump's desk by July 4 need to quickly resolve a series of long-running fights over some of their most contentious proposals.

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Goldman's stock surges to another record, as the 'big winner' of Fed's stress tests

Bank stocks have outperformed the broad market with Goldman Sachs up 23% and JPMorgan Chase up 22% in the first half of 2025.

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A Hot New Firm Opened the Private Market to the Little Guy. Now It Is in Big Trouble.

Linqto, which offered stakes in highflying companies such as Ripple, is facing federal investigations and a possible bankruptcy filing.

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Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust Watchdog

The country's Competition and Markets Authority chose not to pursue a deeper investigation into the merger.

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Robinhood Goes All In on Crypto With Major Product Push

The brokerage will allow European customers to trade more than 200 U.S. stocks and ETFs as digital tokens and is developing its own blockchain.

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CC Capital Still Working on Bid for Australia's Insignia

Australian wealth manager Insignia Financial said CC Capital Partners is still working up a binding offer, almost four months after it first opened its books to the private-equity firm.

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UBS Launches Buyback of Up to $2 Billion

The buyback program delivers on UBS's plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

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Financial Services Roundup: Market Talk

Find insights on U.S. home affordability, Chime Financial, London Stock Exchange Group, and more in the latest Market Talks on the Financial Services sector.

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Stuck Private-Equity Deals Saddle Investors With Endless Fees

An exit drought has left some $668 billion sitting in funds a decade or more old, racking up costs.

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A Pioneer in Private Credit Warns the Industry Is Ruining Its Golden Era

Sixth Street's Alan Waxman thinks his publicly traded rivals are turning private credit into a commoditized, lower-returning business.

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Goldman Sachs Scraps Plans to Build Hotel Brand in Greece

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

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Menlo Ventures in Market for Next Set of Funds With AI Focus

The investor in Anthropic and other AI companies is raising about $1.5 billion for new venture funds.

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Regulators, Suspecting Fraud, Close Tiny Texas Lender in Year's Second U.S. Bank Failure

Late Friday, a federal U.S. bank regulator said it shuttered the Santa Anna National Bank.

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Fed Says Banks Can Weather Severe Downturn as Stress Tests Become Latest Political Football

The outcome suggests banks will announce plans to distribute more capital to shareholders in the coming days.

 

(END) Dow Jones Newswires

July 01, 2025 07:00 ET (11:00 GMT)

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