Follow-On Stock Sales Are Picking Up Momentum

A hallmark of healthy equity capital markets is a robust deal flow where buyers and sellers both feel like they're getting good deals. That's starting to happen more in follow-on stock sales. 


 
UBS Splits Wealth Management Leadership in Executive Shake-Up

UBS said it would reshuffle its executive board, splitting leadership of its key wealth-management division in two and bidding farewell to the last chief of Credit Suisse, the troubled banking rival it took over last year. 


 
Brookfield in Talks for $6.59 Billion Deal for France's Neoen

Brookfield Asset Management is in talks to acquire France's Neoen in a deal that values the renewable-power producer's equity at $6.59 billion. 


 
This Record Stock Market Is Riding on Questionable AI Assumptions

Just four giant technology stocks added more market value than the rest of the S&P 500 put together this month. More than half of the gain came from Nvidia. 


 
Jackson Financial Names Don Cummings to Succeed CFO Marcia Wadsten

Jackson Financial appointed Don Cummings as its next chief financial officer, succeeding Marcia Wadsten. 


 
The FDIC Chairman Is Resigning Under a Cloud. He's Still in Charge.

After investigations revealed a toxic workplace at the banking regulator, the chairman told staff that he would step down once a successor is confirmed. 


 
Jamie Dimon sees potential trouble - and opportunity - in private credit

JPMorgan chief foresees clients with locked-up funds demanding their money back and calling their congressperson to complain if trouble arises in the private-credit world 


 
Goldman Sachs executive Beth Hammack named next president of Cleveland Fed

Beth Hammack, a top executive at Goldman Sachs, will become the next president and chief executive of the Federal Reserve Bank of Cleveland, the bank said Wednesday. 


 
Goldman Sachs Raises $20 Billion for Private Lending

The fund is targeting private-equity-backed global businesses. 


 
Robinhood's stock jumps 4% after $1 billion buyback unveiled

Shares of Robinhood Markets Inc. rose more than 5% in the extended session Tuesday after the online broker said its board approved a $1 billion share buyback program.


(END) Dow Jones Newswires

05-30-24 0715ET