Robinhood's Stock Price Falls After IPO
The company's stock closed down 8.4% in its trading debut after pricing its shares at the bottom of its targeted range.
Carlyle's Earnings Jump on Strong Investment Performance
The growth in the value of the firm's private-equity portfolio outpaces the broader market.
Mastercard's Revenue Rises With Economic Recovery
Mastercard logged an increase in second-quarter revenue and profit, pointing to the continued recovery in domestic and cross-border spending.
National Australia Bank Plans On-Market Share Buyback
National Australia Bank plans a A$2.5 billion on-market share buyback and to purchase shares on-market alongside its dividend reinvestment plan.
Credit Suisse Failed to Act on Archegos Risks
An investigation the bank commissioned detailed how some staff raised concerns over Archegos that weren't adequately handled even though the fund repeatedly breached internal loss limits meant to protect the bank.
Climate-Conscious Banks Stick With Distressed Polluters
Goldman Sachs and JPMorgan are confronting the need to protect investments in troubled energy companies while also living up to commitments to sustainability in their environmental, social and governance policies.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Citizens Financial to Buy Investors Bancorp in $3.5 Billion Deal
Citizens, based in Providence, R.I., said it would pay 0.297 share and $1.46 in cash for each share of New Jersey-based Investors.
Fed Launches Standing Repo Facility to Boost Market Liquidity
The Federal Reserve is putting a $500 billion cap on the facility and is offering a similar tool to foreign central banks.
Jared Kushner Is Launching an Investment Firm in Miami
The son-in-law of former President Trump and ex-White House senior adviser plans to establish the money manager as soon as this fall.
(END) Dow Jones Newswires