News Highlights: Top Financial Services News of the Day - Monday at 12 AM ET
AIA to Increase Shareholder Returns on Record New Business Value
The 31% increase in the value of the insurer's new business prompted it to increase its payout to shareholders and announce additional share buybacks.
Regulators Seize Troubled Philadelphia Bank, Republic First
The bank had some of the same problems as the ones that failed in 2023.
Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million
The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations.
JPMorgan Sees Rising Default Risk in the Private-Credit Market
Stress in the private-credit market is building despite default rates rising only modestly in the past two years, according to JPMorgan Chase's asset management group.
CVC Soars in of Amsterdam Trading Debut
CVC shares rose 24% on the first day of trading on Amsterdam's stock exchange, after the buyout firm priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion.
NatWest's Results Beat Views on Improving Customer Confidence
NatWest's income and profit fell by less than expected in its first quarter, reflecting an improvement in customer confidence and activity and pushing shares to their highest price in more than a year.
Chinese Financial Services Shares Gain on Consolidation Hopes
Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy another smaller firm.
Clean-Tech Fund Bets on Growing Demand for Batteries
Volta Energy Technologies raises $131 million in latest funding round, investing in ways to make energy storage cheaper for consumers.
Financial Services Roundup: Market Talk
Gain insight on SPDR Gold, Banco Bilbao Vizcaya Argentaria, Deutsche Bank, and more in the latest Market Talks covering Financial Services.
BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas
The asset manager is seeking to expand ties with rich investors and calm a backlash over energy investment strategy, among other areas.
(END) Dow Jones Newswires
April 29, 2024 00:15 ET (04:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
Is the Era of Volatility-Suppressing Policies Possibly Over?
-
5 Undervalued Stocks That Crushed Earnings for Q1 2024
-
What Does Nvidia’s Stock Split Mean for Investors?
-
After Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Baidu Stock a Buy, a Sell, or Fairly Valued?
-
Why Stocks Are Hitting Record Highs—and What Could Send Them Back to Earth
-
2 Wide-Moat Stocks to Consider
-
Live Nation: Breakup Sought by Department of Justice Probably Wouldn’t Affect Fair Value Much
-
After Earnings, Is Applied Materials Stock a Buy, Sell, or Fairly Valued?
-
The Best Energy Stocks to Buy
-
Snowflake Earnings: Mixed News, But Signs of Stability
-
Nvidia Earnings: AI Demand Smashes Expectations Again
-
After Earnings, Is Walmart Stock a Buy, a Sell, or Fairly Valued?
-
Target Earnings: Margins Hold Up, but Top Line Constrained by Weak Discretionary Spending