Private Equity Wants Government Help for a Final Push Into 401(k) Plans
Fund managers are on the cusp of the $12 trillion market, but say fear of lawsuits repels potential clients.
—-
BOE Will Reflect on Steeper Curve in Quantitative Tightening Review, Bailey Says
The BOE will take account of the rise in yields on longer maturity government bonds as it considers how far to reduce its portfolio of gilts over the coming year.
—-
Malaysia’s Central Bank Cuts Rates for First Time in Five Years
Malaysia’s central bank has finally joined its rate-cutting peers, lowering its benchmark interest rate for the first time in five years to support the economy.
—-
UniCredit Doubles Equity Stake in Commerzbank
The Italian lender now owns around 20% of Commerzbank’s shares and is the largest shareholder of the bank it hopes to engineer a merger with.
—-
The Sequoia Investor Whose Anti-Mamdani Posts Set Off a Silicon Valley Storm
Shaun Maguire’s right-wing political commentary is clashing with the culture of his much quieter employer, Sequoia Capital.
—-
Goldman Sachs Hires Former U.K. Prime Minister Rishi Sunak
The onetime world leader will work part time for the investment bank as a senior adviser while remaining a lawmaker.
—-
Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy
An internal investigation uncovered evidence that Linqto customers never owned the securities they thought they did.
—-
There’s More Information Than Ever on ESG Investing, but It Isn’t Helping
If extra information adds nothing new, it is simply a costly distraction.
—-
Old-School Floor Traders Finally Get Their Day in Court Against CME
A trial began in a long-running lawsuit by Chicago traders who say they were harmed by the exchange’s launch of electronic markets.
—-
Financial Services Roundup: Market Talk
Find insight on KB Financial Group, Bank of England regulations, and more in the latest Market Talks covering Financial Services.
—-
BlackRock Acquires ElmTree Funds as It Continues Private-Markets Push
The real estate-focused firm will be added to an internal BlackRock group that now includes HPS Investment Partners.
—-
FTX’s Chinese Customers in Limbo Over Local Crypto Crackdown
Defunct exchange says holders of 5% of all crypto claims are in China or other areas where crypto transactions are restricted.
—-
India Cracks Down on Jane Street’s Lucrative Derivatives Trades
India has barred Jane Street from the country’s financial markets and said it would seize around $570 million that the U.S. securities firm made from allegedly fraudulent trades.
(END) Dow Jones Newswires
July 09, 2025 07:15 ET (11:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.