UBS to Pay $511 Million to Settle Credit Suisse U.S. Tax Case 
 

The Swiss bank, which acquired Credit Suisse in 2023, settled the probe into violations of an agreement with the DOJ over American clients who evaded taxes.

 
New Real-Estate Fund Hauls in Billions to Buy Distressed Properties 
 

Brookfield Asset Management raised $5.9 billion in the first quarter to lift the fund's total to $16 billion.

 
New Tech Fund Backed by Jeff Bezos Courts Individual Investors 
 

Coatue's fund is being anchored by $1 billion from family offices of Amazon founder and Michael Dell.

 
Newly Formed Renown Capital Partners Aims for $500 Million Debut Fund 
 

The spinoff from hedge-fund specialist Moore Capital Management sets up shop with backing from its progenitor.

 
Financial Services Roundup: Market Talk 
 

Find insight on Intesa Sanpaolo, AMMB Holdings and more in the latest Market Talks covering financial services.

 
Warren Buffett to Remain Berkshire Hathaway Chairman 
 

The company said the board approved the Jan. 1 appointment of Greg Abel as chief executive.

 
Wells Fargo Hires $800 Million Advisor Team From UBS 
 

The four-advisor team generated $6.7 million in annual revenue, according to Wells.

 
Ares CEO Says Tariffs Are Unlikely to Trigger Private Loan Impairment 
 

Indicators of corporate distress apparent during earlier periods of market volatility aren't there now, said Michael Arougheti.

 
You're More Like Warren Buffett Than You Think 
 

Individual investors actually have an edge over the pros, even if some don't use it.

 
Hedge Fund Goes on Losing Streak After Locking In Investors 
 

Investors unhappy with Armistice's 19% loss in March can't leave anytime soon.

(END) Dow Jones Newswires

May 06, 2025 16:00 ET (20:00 GMT)

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