Private Equity Wants Your Credit Card Debt. And Car Loan. And Mortgage.

Private fund managers like Apollo, Blackstone and KKR are pushing into asset-based lending and targeting the global economy's biggest prize: the American consumer. 


 
Why That Hot Biotech IPO Could Be a Winner

Biotechnology IPOs tend to do well over the long term just as financing markets begin to thaw, an analysis shows. 


 
How to Invest? More Than Ever, It Depends on Who You Are

Stocks might still be the best choice for very long-term investors, but cash and bonds are best for those with short and medium-term goals, respectively. 


 
Another Top Credit Suisse Executive Leaves as UBS Integration Takes Hold

Global head of private funds David Klein has moved to TWG, a holding company that manages the investments of Los Angeles Dodgers co-owner Mark Walter. 


 
Big Profits and High Prices: There Is a Connection

But junk fees, shrinkflation and corporate concentration are probably not the reason, no matter what Biden says 


 
Financial Services Roundup: Market Talk

BNP Paribas, Metro Bank Holdings and more in the latest Market Talks covering Financial Services. 


 
U.S. Probes Hamas's Use of Crypto Before Oct. 7

The U.S. Treasury Department investigates $165 million in digital transactions linked to the militant group. 


 
Women Aren't Getting the Big Jobs at Goldman Sachs, and They're Heading for the Exits

The Wall Street giant pledged to bring more women into senior ranks. Instead, top talent says better opportunities are elsewhere. 


 
Citi Names Veteran Exec as New China Head of Commercial Bank

Citigroup has named an executive who's been with the banking giant for over two decades to head up its commercial bank business in China, its latest personnel change as it undergoes a global restructuring. 


 
AIA's 2023 Value of New Business Grew on China Demand

AIA Group's value of new business rose in 2023 as it benefited from the lifting of pandemic restrictions in mainland China, which saw robust demand for its insurance products.


(END) Dow Jones Newswires

03-14-24 1115ET