News Highlights: Top Financial Services News of the Day - Monday at 12 AM ET
BlackRock to Acquire Data Provider Preqin for $3.22 Billion
The deal is expected to close before year-end.
VC-Backed IPOs Had a Tepid First Half, Squeezing Venture Capital More
Hopes for a resurgence of venture-backed initial public offerings at the start of the year are petering out, prolonging a drought in exits for venture-capital firms.
Supreme Court Kills a Favorite Liability Shield for Private Equity
The Purdue Pharma decision could increase investors' liabilities over bankrupt portfolio companies.
Big Banks Boost Dividends After Passing Stress Tests
Goldman, Morgan Stanley and others detailed their capital plans on Friday.
Crypto Platforms to Report Tax Information to IRS Starting in 2026
In a long-awaited step against tax evasion in cryptocurrency markets, the Treasury Department adopted a final rule requiring many crypto platforms to begin reporting users' transactions to the Internal Revenue Service.
European Banks' Bid to Close Gap With Wall Street Temporarily Stumbles Into Politics
European banks' efforts to narrow the once-significant valuation gap with their American peers have faced what many analysts expect will prove to be a temporary setback.
Warren Buffett Gives Us a Preview of His Will
The famed investor, who owns nearly $130 billion in Berkshire Hathaway stock, will direct his fortune into a new charitable trust overseen by his children.
Monaco, Venezuela Placed on Global Money-Laundering Watch List
The Financial Action Task Force also removed Jamaica and Turkey from the gray list.
ECB's Villeroy Says Bank Can Disregard Inflation 'Bumps'
Policymakers at the European Central Bank should place less weight on data pointing to increases in measures of inflation that are likely to prove transitory given the greater reliability of economic forecasts over recent quarters, the governor of the Bank of France said.
Financial Services Roundup: Market Talk
Read about Riverview Bancorp, credit default swaps, Liontrust Asset Management and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
July 01, 2024 00:15 ET (04:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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