Europe’s largest asset manager attracted €24.4 billion in second-quarter net inflows and lifted adjusted profit 29%, while the consolidation of ICG and SBI Funds Management’s listing expanded both scale and capital options.
The defense-technology company is evaluating capital options that could lift its valuation from $61 billion to about $100 billion, but it says no terms, structure, price or timing have been decided.
Bessemer led the Series B, bringing total funding to $153 million as the two-year-old company expands proprietary models and enterprise sales after reporting fourfold revenue growth since leaving stealth.
Robinhood beat second-quarter profit forecasts as equities, options and event contracts drove a 44% rise in transaction revenue, but weaker crypto activity and an elevated valuation kept pressure on the shares.
First-half pretax profit rose 17% to £6.1 billion and equities revenue jumped 45%, yet the shares fell nearly 5% as Barclays forecast higher restructuring costs and remained behind Wall Street trading growth.
NatWest funded a vehicle connected to insolvent lender Amplifi with facilities of up to £250 million, highlighting how securitisation can lower bank capital charges while obscuring the final loss when a non-bank fails.
A $300 million Series C led by Sequoia values Etched at $10.3 billion, backed by $1 billion of booked orders, first client tests and a new 10-megawatt facility—but mass delivery remains the central risk.
U.S. investment-grade bond funds lost $7.1 billion in the week to July 22 as higher oil prices, Treasury yields and credit spreads punished long-duration fixed-rate debt.
HKEX will permit confidential filings for every listing candidate and halve the market-capitalization threshold for weighted-voting-rights companies, targeting more innovative and overseas issuers.
The Shanghai GPU developer is preparing for a possible listing by year-end with Huatai International, but the offering remains unannounced and its terms have not been disclosed.
Wells Fargo beat quarterly profit expectations as stronger loan growth lifted net interest income and volatile markets supported trading. The results show how the bank is trying to turn balance-sheet expansion into earnings momentum after the removal of a long-standing asset cap.
Lazard reported a steep second-quarter profit decline as a higher tax rate and weaker financial advisory revenue overshadowed growth in asset management. The investment bank is cutting senior advisory roles while trying to redirect resources toward sectors with stronger fee potential.
