Dow Jones Top Financial Services Headlines at 11 AM ET: American Express to Cut 5% of Global Workforce | Cox ...
American Express to Cut 5% of Global Workforce
American Express plans to cut about 5% of its global workforce, a move the company said is aimed at reducing layers and speeding up decision making.
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Cox Capital Takes Another Shot at Capitalizing on Stressed BDCs
The secondary firm is preparing to offer loans secured by business-development company shares to provide quick liquidity to investors facing redemption caps.
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Citi Gets Regulator Nod for Wholly Owned Securities Venture in China
Citi has received approval from Chinese regulators to set up a wholly owned securities company in China, a milestone in its yearslong effort to deepen its presence in the country.
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Financial Services Roundup: Market Talk
Find insight on Binance US and more in the latest Market Talks covering financial services.
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Weil Gotshal Loses More Top Lawyers as Merger Talks Collapse
Partners are leaving for rivals including Sidley Austin and Davis Polk, increasing pressure on the law firm to secure its future.
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Blackstone's Core Businesses Hit by Rising Rates
Proceeds from asset sales in the firm's private-equity unit fell 49%.
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Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs
The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20.
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Students Turn to Private Lenders After Trump's Clampdown on Federal Loans
One private lender in South Carolina lowered its credit-score requirement for certain grad students to meet a growing demand.
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Is It Time for a New CEO at Bank of America?
Brian Moynihan is back in the hot seat, following disappointing earnings and a large U.S. Treasury fine. Why it might be time for the longtime CEO to move on.
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London Stock Exchange Group Agrees to Buy Octus For $3.5 Billion
The stock-exchange and financial-information company said last week that it was in talks over the deal to buy the credit intelligence, data and workflow provider from Permira.
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It Looks Like a Music Festival. It's Really a Sales Pitch for Private Credit.
Fund managers are putting on elaborate events to court wealth advisers in hopes of reaching untapped household riches-even as some investors get spooked by risk.
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Brazilian Private-Equity Firm Vinci Emulates U.S. Peers With Reinsurer Acquisition
The firm is buying Latin America-focused Austral Resseguradora to strengthen its balance sheet.
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NYSE Just Extended Options Trading Hours. It's Only the Beginning.
The New York Stock Exchange said plans to open up options trading for roughly two hours before the market's typical 9:30 a.m. ET opening bell and then again for 15 minutes after the 4 p.m. ET closing bell.
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NYSE Is Getting Trounced in the Battle for Wall Street's Biggest IPOs
Anthropic is expected to bring the Nasdaq another blockbuster listing, following SpaceX. And the Texas Stock Exchange is also emerging as a threat.
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Want to Short the AI Boom? She Wants to Give You a Way to Bet on 'Compute' Prices
Silicon Data founder Carmen Li is joining with CME Group to launch compute derivatives.
(END) Dow Jones Newswires
October 23, 2026 11:15 ET (15:15 GMT)
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