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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Italy’s BPER Banca Bumps Popolare Di Sondrio Offer to $6.4 Billion
BPER added $530 million in cash to its original bid.
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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.
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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.
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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)
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