Finance

Exclusive news, analysis and commentary on all things Wall Street, from banking and markets to private equity and hedge funds.

Markets

Energy Crisis Spurs Record Payout at Vitol Group

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Vitol Group, the world’s largest independent oil trader, has paid around a record $6.4 billion in share buybacks to its employee-owners.

1 min read
FA Upside

Janney Montgomery Scott Sold in Major PE Deal

Photo via Connor Lin / The Daily Upside

Janney will be sold from the Penn Mutual Life Insurance Company, marking another major equity deal in a busy year for the industry.

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FA Upside

How Interest Rates Cut Into Morgan Stanley’s Earnings

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Morgan Stanley’s performance was held down by its wealth management division and a Federal Reserve that is stuck in neutral on rate cuts.

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M&A

Cleveland-Cliffs to Buy Canadian Steelmaker for $2.8 Billion

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Steel giant Cleveland-Cliffs announced Monday that it will buy Canada’s Stelco Holdings for C$3.85 billion ($2.8 billion).

1 min read
Media & Entertainment

NFL Moves Toward Allowing Private Equity into Ownership Groups

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Commissioner Roger Goodell said the NFL is en route to allowing PE groups to take ownership stakes in franchises

2 min read
FA Upside

Investors Flock to Indian Fintechs Amid Wealth Boom

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The nation’s wealthtech startups are not only benefiting from a growing middle class, but also looking to court some of the country’s wealthiest…

2 min read
FA Upside

Risk-Free Investing? These ETFs Offer 100% Downside Protection

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Buffered ETF strategies can help financial advisors and money managers navigate cash positions as interest rates edge higher.

2 min read
Markets

Bankrupt Crypto Exchange Repayments Shakes the Bitcoin Market

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Mt. Gox is finally paying off its roughly $9 billion debt to former customers, highlighting how much the bitcoin market evolved.

2 min read