Stone Point Returns as Kestra's Top Private Equity Backer
By John ManganaroStone Point first invested in Kestra in 2016 and later sold its minority share to Oak Hill Capital.
October 15, 2024
Citi Posts Gains Across Board as Trading Beats ExpectationsCitigroup Inc.'s traders turned in their best third-quarter performance in at least a decade as they benefited from the surge in volatility across asset…
October 15, 2024
Schwab to Launch Alts Platform for HNW Retail ClientsThe platform, using iCapital, will offer alternatives funds for qualified investors with at least $5 million.
October 15, 2024
Goldman Profit Jumps 45%; Stock Trading Set for Record YearThe bank's asset and wealth management business posted revenue of $3.75 billion, up 16% from a year earlier.
October 15, 2024
BofA-Merrill Nears $6T in Assets Across Banking, Wealth ManagementExecutives on a quarterly earnings call cited strong momentum across all three business lines.
October 15, 2024
U.S. Needs Bermuda to Boost Annuity Supply, Regulators SayConference speakers emphasized the big capital hole left by years of low interest rates.
October 15, 2024
Schwab Soars on Earnings Beat as Firm Pays Down Costly DebtEarlier this month, the firm named Rick Wurster as its next chief executive officer.
October 14, 2024
The 2025 Social Security COLA Is Out. Here Are More Numbers You Need to Know.The annual COLA tends to get the most attention, but the SSA has made other key updates.