Constellation Wealth Capital Raises $1 Billion to Back Financial Advisers
Valuations of independent wealth managers-Constellation’s preferred targets-have ballooned as technology helps them compete with giant incumbents.
The Fed's Game Plan on Interest-Rate Cuts Keeps Shifting
Investors widely expect a third-in-a-row rate cut this week. Officials are ready to slow-or even stop-lowering rates after that.
Apollo CEO's Flirtation With Politics Brings New Urgency to Succession Planning
Marc Rowan is one of the few private-equity chiefs who hasn’t clearly designated an heir apparent.
Allianz Withdraws Offer to Acquire Income Insurance
Allianz said that it is withdrawing a preconditional offer made in July for a 51% stake in the insurer, adding that it respects a decision by the Singapore government against the transaction.
Saga PLC, Ageas Agree on Sale of Underwriting Business in $186 Million Deal
Saga agreed to sell its insurance underwriting business to Ageas and establish a 20-year partnership with the Belgian insurer, concluding the negotiations announced in October.
The Bond Market Is Having a Tantrum. The Fed Isn't Worried.
The yield on the 10-year government note pushed past its 20-day moving average of 4.293% on Thursday, then spiked even higher on Friday.
Financial Services Roundup: Market Talk
Find insight on Proya Cosmetics, Allianz, Bain Capital and more in the latest Market Talks covering financial services.
Are You Ultrarich, Rich or Merely Affluent? It Makes a Big Difference for Your Bank
The mass-affluent wealth market is a tempting way for the likes of UBS to gain scale, but the benefits for their core business could be scant.
These 5 Wall Street Titans Thought Bitcoin Was a Fad. Here's What They Say Now.
Bitcoin, the world’s largest cryptocurrency, is ascendant in Washington and a $2 trillion asset. Yet some of the most astute investors still aren’t convinced of its value.
HSBC Sued by Australian Regulator for Failing to Protect Customers From Scams
Australia’s corporate watchdog is suing the local unit of HSBC Holdings over allegations that the bank failed to protect customers from criminal scams.
(END) Dow Jones Newswires
December 17, 2024 00:15 ET (05:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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