Dow Jones Top Financial Services Headlines at 11 AM ET: PayPal's New CEO Aims to Turn Around Company With AI, Cost Cutting | KKR ...
PayPal's New CEO Aims to Turn Around Company With AI, Cost Cutting
PayPal will accelerate its adoption of artificial intelligence to cut costs after reporting lower profit in the first quarter.
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KKR Swings to a Profit as Revenue Climbs on Insurance Growth
KKR swung to a first-quarter profit with revenue from its insurance division more than doubling.
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HSBC Takes $400 Million Hit From Private-Credit Alleged Fraud
The provision is connected to Market Financial Solutions, a British mortgage lender that collapsed this year, according to people familiar with the matter.
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Coinbase Laying Off 14% of Staff, Eliminating 'Pure Managers'
Crypto exchange bids farewell to management layers, says bosses will work alongside as many as 15 direct reports thanks to AI.
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Crypto Exchange Bullish Strikes $4.2 Billion Deal for Transfer Agent in Tokenization Push
Equiniti is one of the world's biggest transfer agents, offering shareholder services to companies including Berkshire Hathaway and Moody's.
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Financial Services Roundup: Market Talk
Find insight on HSBC, Raiffeisen Bank, Sabadell, and more in the latest Market Talks covering financial services.
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I Asked ChatGPT to Manage a Stock Portfolio. Here's How It Did.
I planned to test it for a few weeks. What followed was a monthslong back-and-forth on everything from tariffs to leveraged funds.
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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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UniCredit Lifts Profit Outlook Amid Looming Commerzbank Bid
The Italian bank raised its annual profit forecast and reported higher first-quarter earnings, as it gears up to launch a takeover bid for Germany's Commerzbank.
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A Hidden Liability for U.S. Cities: Looming Infrastructure Repair Costs
With no balance-sheet penalty for putting off infrastructure repairs, cities often delay making improvements.
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EQT Raises Takeover Bid For Intertek Again
Swedish buyout group EQT said it submitted an improved takeover proposal for Intertek, valuing the company at $12.08 billion.
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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.
(END) Dow Jones Newswires
May 05, 2026 11:15 ET (15:15 GMT)
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