Dow Jones Top Financial Services Headlines at 12 AM ET: American Express Global Business Travel Enters $6.3 Billion Take-Private Deal | The ...

American Express Global Business Travel Enters $6.3 Billion Take-Private Deal

American Express Global Business Travel is being taken private in an all-cash acquisition by Long Lake Management for $9.50 a share, valuing the company at about $6.3 billion.

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The Great $110 Trillion Wealth Transfer Won't Happen Any Time Soon

Americans 55 and up control most wealth, and many of them have decades of living left.

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Morgan Stanley's Investment Banking Program in Budapest Hit by U.S. Probe

Finra has launched an inquiry asking about unlicensed junior investment bankers in Hungary working on deals for clients in the U.S. and Europe.

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Berkshire Picks Gen Re Chairman as Insurance Star Ajit Jain's Successor

Charlie Shamieh, an insurance-industry veteran, is slated to succeed Jain whenever he is ready to retire.

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California Wants to Throw the Book at State Farm Over Wildfire Claims

State seeks millions in fines, says insurer 'buried policyholders in red tape at the worst moment of their lives'.

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After Years of Paltry Fees, Active Managing Is Finally Letting ETFs Charge Again

Investment managers are pushing costlier active ETFs with a record number of launches in 2025.

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How Visa Keeps Silencing Its Doubters

AI and stablecoins are the latest supposed threats, but the company keeps adapting.

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Five Takeaways From Berkshire CEO Greg Abel's First Annual Shareholder Meeting as Host

The new chief executive was mostly all business in his debut as MC at the conglomerate's annual meeting in Nebraska.

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Anthropic and FIS Are Building an AI Agent to Help Banks Police Financial Crimes

The AI giant struck a partnership with financial software provider FIS to develop new tools for banks.

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Financial Services Roundup: Market Talk

Find insight on Canada's new sovereign-wealth fund, European banks, PZU and more in the latest Market Talks covering Financial Services.

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'Tech Is Back': Fund Investors Recovered in April

After a rough first quarter, the average stock fund jumped 10.3% for the month. Plus: A Financial Flashback to the 130th anniversary of the Dow.

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Not All Total Bond Market ETFs Are the Same. Here's What to Know.

Not understanding the difference between similarly named funds can be costly

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Berkshire CEO Greg Abel Takes the Stage, Making a Case for the Post-Buffett Era

New leader says company has shortlist of acquisition targets, as its cash pile grows; assures investors that culture isn't changing.

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After Months of Debating Rate Cuts, Fed Shifts Toward Mapping Out Hikes

Three regional bank presidents opposed signaling rate cuts-guidance outgoing Chair Jerome Powell offered little reason to keep.

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TPG Looks to Cash In on Market Turbulence

TPG raised more than $10 billion in new capital during the recent quarter, bringing its total dry powder at the end of the period to nearly $73 billion.


(END) Dow Jones Newswires

May 05, 2026 00:15 ET (04:15 GMT)

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