USA finance

News Highlights: Top Financial Services News of the Day

Intuit Nears Deal to Buy Mailchimp  

The cash-and-stock deal, which values email-marketing platform Mailchimp at around $12 billion, could be announced soon, assuming the talks don’t fall apart, people familiar with the matter said.

 Blackstone Drops $3 Billion Property Deal With Chinese Power Couple  

Shares in Chinese commercial-property developer Soho China tumbled 35%, after the private-equity giant abandoned a takeover in the face of an unexpectedly long regulatory review.

 Big Banks Often Look Inside When Hiring CFOs  

Bank of America is one of several big banks that have recently promoted company veterans to the chief financial officer role.

 Biden to Nominate Reta Jo Lewis to Lead Ex-Im Bank  

The president intends to name the former State Department official to head the federal agency that aids exporters, according to people familiar with the announcement.

 Meme Stocks AMC and GameStop Push Small-Cap Benchmark Higher  

The Russell 2000 value index is among those that have advanced with help from the run-up in meme stocks this year.

 Forge Global to Go Public in $2 Billion SPAC Deal  

The online marketplace for buying and selling shares of private firms plans to go public in a deal with Motive Capital that values the resulting company at $2 billion.

 Financial Services Roundup: Market Talk  

The latest Market Talks covering Financial Services

 Riskier Chinese Property Bonds Suffer as Evergrande Struggles  

Bonds from lower-rated Chinese property developers have fallen steeply in price after warnings of a potential default at Evergrande sent investors rushing to protect against trouble elsewhere in their portfolios.

 Bank of America Overhauls Top Management Ranks  

The bank named a new chief financial officer and added three women to its senior ranks in its biggest leadership reshuffling in more than a decade.

 Switzerland Gives Green Light to Crypto Trading Exchange  

Stock exchange SIX said its new SIX Digital Exchange will be underpinned by ‘the highest Swiss standards of oversight and regulation.’

  

(END) Dow Jones Newswires

September 13, 2021 16:15 ET (20:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Source: https://www.morningstar.com/news/dow-jones/202109139905/news-highlights-top-financial-services-news-of-the-day

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