Apollo-Backed Athora Buys U.K. Insurer for $7.8 Billion
The acquisition of Pension Insurance Corp. would effectively turn the specialist insurer into Athora’s U.K. insurance business.
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H.I.G. Capital Is Sued Over Cross-Fund Deal
Founder of Maillis Group alleges H.I.G. sold the company from one of its funds to another at an unfairly discounted price, handing the private-equity firm a windfall.
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JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele
David Frame is named global head of the private bank, helping deep-pocketed clients invest more abroad.
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A ‘New Era for Bank Regulation’ Has Arrived. The Stocks Are Big Winners.
Laxer regulations and a likely drop in interest rates is spurring investor interest in the big banks.
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Financial Services Roundup: Market Talk
Find insight on Legal & General, BBVA, and more in the latest Market Talks covering financial services.
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JPMorgan Chase Ups Dividend, Approves $50 Billion Buyback After Stress Test
The dividend increase and buyback come after the New York bank completed its stress test, which is used to assess an institution’s ability to withstand financial shocks and volatility.
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Ripple Seeks a U.S. Banking License, Adding to List of Crypto Companies
A national banking charter would allow the company to hold its stablecoin reserves on its own balance sheet.
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India’s Biggest IPO This Year Receives Bumper Response on Debut
The nonbanking financial firm soared on its debut, signaling strong investor interest in India’s largest initial public offering of the year.
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Life Sciences Investor Catalio Raises $400 Million Venture Fund
Catalio says it has consistently returned capital to limited partners since its formation in 2020.
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Quinbrook Shuffles Leadership as It Focuses on Supply Chains, Critical Minerals
The clean-energy infrastructure investor has named its first CEO and added talent to support a minerals supply-chain strategy.
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Sabadell Seeks Shareholder Approval of Nearly $4 Billion Sale of U.K. Unit to Santander
The final price is expected to rise to £2.9 billion, when including profits that are projected to flow in through the transaction’s estimated completion, Sabadell said.
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Liquidators File $2.7 Billion Lawsuit Against Standard Chartered Bank Over 1MDB Role
1MDB said the lawsuit seeks to hold the U.K. bank accountable for its role in allegedly enabling fraud to be committed against the state-controlled economic development company.
(END) Dow Jones Newswires
July 03, 2025 16:15 ET (20:15 GMT)
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