Dow Jones Top Financial Services Headlines at 11 AM ET: PayPal Reaches $30 Million Pact With Justice Department Over Minority Funding | Munich ...
PayPal Reaches $30 Million Pact With Justice Department Over Minority Funding
The case is part of the Trump administration's campaign against corporate DEI initiatives.
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Munich Re Profit Rises With Marginal Hit From Iran War
The reinsurer reported a rise in first-quarter net profit to â¬1.71 billion and a limited hit in claims from the Iran war.
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Monte dei Paschi Net Profit Rises on Mediobanca Contribution
The bank's net profit was â¬520.8 million compared with â¬413.1 million in the year-earlier period, before the Mediobanca acquisition.
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Duration Ventures, Founded by Alumni of GC and Lightspeed, Aims for $375 Million Fund
Arif Janmohamed and Trevor Oelschig are teaming up to invest in early-stage enterprise AI startups.
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Financial Services Roundup: Market Talk
Find insight on Bank of Baroda and more in the latest Market Talks covering financial services.
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S2G Investments Raises $1 Billion for First Fund As Independent Firm
The new fund backs companies focused on energy and food security.
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JPMorgan and the Delicate Art of Paying Off Employees
A staffer raises an embarrassing claim. An investigation follows. Deciding what to do next-and whether to offer a payout-gets complicated for employers.
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KKR Private-Credit Fund Takes $560 Million Loss
The firm will invest $300 million in an effort to bolster the fund as loan defaults climb.
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The Insider-Trading Scandal That Is Rocking M&A Law Firms
A job-hopping lawyer accessed files and recruited lawyers at elite firms to tip traders about pending deals, prosecutors say.
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YesCare Faces Creditor Push to Move Bankruptcy to Texas
Florida filing is a 'shell game' intended to evade creditors and injury claimants, says lawyer for creditors. YesCare says its operations are concentrated in Florida.
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New Vanguard Hire Highlights Bond-Picking Push
The low-cost investment manager has nabbed a portfolio manager from Morgan Stanley while it builds out active funds to challenge incumbents like Pimco.
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BMO Financial Group to Sell Transportation-, Vendor-Finance Businesses to Stonepeak
The proposed sale includes a combined loan and lease portfolio in the U.S. and Canada that totals about $10.6 billion as of the end of March.
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Jury Rules in Favor of Mercury Capital in Discrimination Case
A New York jury rejected accusations by Alan Pardee, a co-founder of the now-defunct firm, that he was forced out because of his race.
(END) Dow Jones Newswires
May 12, 2026 11:15 ET (15:15 GMT)
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