Franklin Templeton Turns Toward Private Investing as Mutual-Fund Business Shrinks 

After a string of acquisitions, the firm now manages more than $260 billion in alternative assets like private credit.

CVC Set to Launch IPO, Seeks Valuation of Up to $16 Billion, Sources Say 

The global buyout firm CVC Capital Partners is poised to kick off a share sale in Amsterdam, in the latest sign of a pickup in initial public offerings.

Will Banks Finally Have to Pay You More for Your Savings? 

Deposit costs are still a moving target, even for the biggest banks.

Two Brothers, a Big Biotech Bet and an $8 Billion Payout 

Investors in a hedge fund from Baker Bros. Advisors recently received one of the largest windfalls ever following Pfizer's purchase of Seagen.

Supreme Court Finds Macquarie Infrastructure Not Liable for Omitting Risks 

Investors can't hold the infrastructure business liable for securities fraud for failing to disclose how a U.N. regulation would affect its commodities storage business.

High Rates Have Been a Profit Machine for Banks. Not Anymore. 

America's biggest bank warned that it is starting to pay more on customer deposits.

KKR Looks to Japan to Boost Its Growth 

The country so far has accounted for nearly 40% of the asset manager's investments in the Asia-Pacific region.

Credit Firm Brightwood Capital Faces Lawsuit Over Continuation Fund 

Banner Ridge Partners has sued Brightwood over a roughly $253 million deal, alleging it deprived Banner Ridge of $58 million.

The euro is trading at its weakest in months, and a parity test with the dollar may not be out of the question 

The euro slid to levels not seen since November on Friday, as investors come to grips with the likelihood of the ECB cutting faster than the Fed.

China's Financial Institutions Issued Less Credit in January-March 

The data suggest continued tepid borrowing demand from corporates and households.

(END) Dow Jones Newswires

04-15-24 0015ET