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A UK court dismissed a $3.2 billion lawsuit against major banks, including JPMorgan, UBS, and Citigroup, for alleged foreign exchange rigging on December 18, 2025.
Andersen Group Inc., a consultancy spun from the legacy of Arthur Andersen, raised $176 million in an initial public offering, pricing 11 million shares at $16 each.
The Financial Stability Board reported that non-bank financial institution assets grew 9.4% to $256.8 trillion by the end of 2024, raising concerns about systemic risk and data gaps in the private credit market.
Crypto startups attracted $176 million in venture capital this week, pushing the 2025 total past $25 billion. The robust investment activity, led by major funds, contrasts with flat public market performance, signaling strong underlying institutional confidence.
The brokerage landscape is shifting as legacy giant Charles Schwab and fintech disruptor Robinhood increasingly encroach on each other's turf. Schwab is aggressively moving into private markets and cryptocurrency, while Robinhood expands internationally, setting the stage for a competitive battle for the next generation of investors.
The U.S. Federal Reserve’s latest interest rate cut to a 3.50%-3.75% range presents a significant challenge to Circle’s revenue model, which is highly dependent on interest earned from USDC reserves. This forces the company to accelerate USDC circulation and platform adoption to maintain growth, even as sophisticated competitors like Ant International advance their own blockchain-based liquidity solutions with major banks.
Nasdaq is tightening its IPO listing requirements in response to the poor performance and high volatility of many small-cap IPOs. This move signals a broader shift toward risk reduction and quality control on the exchange, reflecting a tense market environment.
The electric mobility market is forecast to reach $1.96 trillion by 2034, driven by growth in commercial electric vehicles and utility-scale battery storage, creating new opportunities beyond the passenger car segment.
Wealthfront (WLTH) launched its IPO on the Nasdaq, raising approximately $485 million and securing a fully diluted valuation of $2.6 billion. The debut is a critical test for the consumer fintech market and the viability of standalone robo-advisor business models.
Ameriprise Financial has successfully recruited four financial advisors who collectively manage nearly $300 million in client assets. The move underscores the intense competition for top talent and assets under management within the wealth management industry.
JPMorgan and Wells Fargo are accelerating AI adoption to enhance productivity, signaling significant workforce changes and increased technology spending. This strategic shift reflects a broader financial sector trend of leveraging AI for efficiency, even as it raises questions about costs and labor.
A new study from UBS reports that the global billionaire population has reached a record 2,900 individuals, collectively controlling $15.8 trillion. This surge is primarily fueled by appreciating stock markets and high-growth entrepreneurship, particularly in the technology and cryptocurrency sectors, reinforcing wealth concentration at the top.