Citigroup dismissed as "baseless speculation" a Bloomberg report that it is considering buying a U.S. regional bank. The bank says it remains focused on organic growth and completing its turnaround under CEO Jane Fraser.
Equitable and Corebridge will merge in a $22 billion all-stock deal to create a major retirement and life insurance company with $1.5 trillion in assets. The deal is expected to close by end of 2026.
Circle Internet stock plunged after the latest Clarity Act draft banned rewards on stablecoin balances. Narrow yield rules spark sell-off.
Sumitomo Mitsui (SMFG) is preparing a possible full takeover of Jefferies as the US investment bank’s shares fall 40%.
Apollo Global limits withdrawals to 5% in Apollo Debt Solutions after 11.2% redemption requests hit private credit funds amid investor anxiety.
FICO shares dropped after Senator Josh Hawley launched a Senate investigation into massive increases in mortgage credit score prices—from $0.60 to $10—hurting first-time homebuyers.
