Dow Jones Top Financial Services Headlines at 7 AM ET: Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy | There's …

view original post

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 Wells Fargo, Bank of England regulations, Computershare 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.

—-

Hilco Global to Sell Majority Stake, Launch Direct Lending Unit

The U.S. arm of Japanese investment firm Orix has agreed to acquire 70% of Hilco and commit $1 billion to its new lending business focusing on private credit, sources say.

—-

Apollo-Backed Athora Buys U.K. Insurer for $7.8 Billion

The acquisition of Pension Insurance Corp. would effectively turn the specialist insurer into Athora’s U.K. insurance business.

—-

Italy’s BPER Banca Bumps Popolare Di Sondrio Offer to $6.4 Billion

BPER added $530 million in cash to its original bid.

—-

H.I.G. Capital Is Sued Over Cross-Fund Deal

Founder of Maillis Group alleges H.I.G. sold the company from one of its funds to another at an unfairly discounted price, handing the private-equity firm a windfall.

—-

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele

David Frame is named global head of the private bank, helping deep-pocketed clients invest more abroad.

—-

A ‘New Era for Bank Regulation’ Has Arrived. The Stocks Are Big Winners.

Laxer regulations and a likely drop in interest rates is spurring investor interest in the big banks.


(END) Dow Jones Newswires

July 08, 2025 07:15 ET (11:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.