News Highlights: Top Financial Services News of the Day - Thursday at 7 AM ET

UBS CEO Ermotti to Steer Credit Suisse Integration 
 

UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.

 
Fortune Favors Early Movers in America's Property Crunch 
 

Investors who are willing to buy buildings when everyone else is running scared typically get the biggest rewards.

 
The Fed's Waller Is in 'No Rush' to Cut Rates. Here's Why. 
 

The Fed is in no rush to lower interest rates this year, said Federal Reserve Gov. Christopher Waller.

 
Discover Financial CEO Michael Rhodes Resigns 
 

Discover said Michael Rhodes is resigning as CEO and president of the company, shortly after taking over both positions. Rhodes has been tapped as CEO of Ally Financial.

 
Bain Capital Elevates David Gross as Part of Leadership Transition 
 

Co-Managing Partner Jonathan Lavine will assume the role of chair starting Monday.

 
Robinhood's stock jumps after company launches first credit card 
 

The Robinhood Gold Card is aimed at Robinhood Gold members - a subscription product offering premium services for a fee - and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.

 
Bitcoin Falls Below $70,000 
 

Bitcoin hit an all-time high near $74,000 two weeks ago before cryptos suffered a correction.

 
KuCoin and Its Founders Face Criminal Charges Over Money-Laundering Violations 
 

U.S. prosecutors have filed criminal charges against KuCoin and two of its founders, accusing the global cryptocurrency exchange of violating U.S. anti-money-laundering laws.

 
The Crypto Reboot That Wasn't: Why 'FTX 2.0' Floundered 
 

Creditors say FTX's post-chapter 11 management team missed an opportunity to create a valuable business from the ashes of the cryptocurrency exchange.

 
How Clean-Energy Investors Tame Emerging-Market Risks 
 

Concerns about the risks tied to developing regions prevent many clean-energy investors from putting proportionally more money into those markets, but amplify potential returns for those who do, several investment firm executives said Tuesday.

(END) Dow Jones Newswires

March 28, 2024 07:15 ET (11:15 GMT)

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