News Highlights: Top Financial Services News of the Day – Monday at 4 PM ET


Trump Badmouthed Chicago but Scooped Up Its Bonds 
 

The president has a multimillion-dollar collection of municipal bonds, spanning 48 states and helping build high schools, airports, hospitals and libraries.

 
Private-Credit Investors Remain Upbeat Amid Recent Turmoil 
 

Investors in private-credit funds expect to increase their target allocations to the asset class, despite recent geopolitical turmoil and U.S. tariff actions that have raised worries about the economy and markets, according to industry executives and a recent investor survey.

 
Newcomer SQ Capital Bulks Up Secondary Deals and Fundraising Teams 
 

SQ Capital, formed in January, focuses on acquiring stakes in smaller private-equity funds often overlooked by bigger rivals.

 
Goldman Sachs Is Advising Countries Scrambling to Please Trump on Tariffs 
 

South Africa, Japan and Saudi Arabia are among the nations that have sought counsel from the Wall Street giant.

 
Mediobanca Offers to Buy Banca Generali in $7 Billion Share Deal 
 

The lender’s a bid for the private bank is the latest twist in a wave of consolidation in Italy’s crowded banking market.

 
Financial Services Roundup: Market Talk 
 

Find insights on Mediobanca’s deal offer, bitcoin prices and more in the latest Market Talks from the Financial Services sector.

 
Wall Street's New Tariff Safe Haven: High-Tax Biotech Stocks 
 

As tariffs loom over the sector, biotechs with U.S.-based manufacturing and intellectual property are soothing investor concerns.

 
A Reckoning for the Magnificent Seven Tests the Market 
 

Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla are collectively off to their worst start since the 2022 slide, worrying investors.

 
Trump 2.0 Era Brings Flurry of Crypto Deals 
 

Companies seek to capitalize on lighter regulation and growing mainstream interest.

 
As Markets Swooned, Pros Sold-and Individuals Pounced 
 

Hedge funds have sold a net $1 trillion of shares this year, while 97% of Vanguard 401(k) investors didn’t make trades in early April.

 
 

(END) Dow Jones Newswires

April 28, 2025 16:15 ET (20:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.



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