UBS Names New Chief Operating Officer in Executive Reshuffle

Lukas Gaehwiler, vice chairman of UBS’s board since 2022, will retire following next year’s annual general meeting after a 45-year career in the sector.

—-

NatWest Shares Rise After Strong Customer Activity Boosts Results

Shares jumped to their highest level since 2008 after the bank raised its guidance for the second time this year and strong customer activity helped results beat market views.

—-

Blackstone Looks to IPOs for Investment Exits

The value of expected initial public offerings for the firm’s portfolio companies over the next 12 months is among the highest in its history

—-

Subprime Auto Lender PrimaLend Files for Bankruptcy

PrimaLend, which provides financing to so-called buy-here-pay-here auto dealerships, filed for bankruptcy, aiming to sell itself under chapter 11 while maintaining its operations.

—-

Fannie Mae CEO Exits as Trump Considers IPO

Fannie Mae Chief Executive Priscilla Almodovar has stepped down as the Trump administration considers selling shares of the mortgage giant.

—-

24-Hour Stock Trading Is Coming-and Wall Street Isn’t Ready

Extended trading could change everything from staffing models to market volatility. What happens when a bank collapses at 1 a.m.?

—-

Citigroup CEO Jane Fraser Named Chair, Reuniting Roles at the Bank

The move, which combines roles that were separate for nearly two decades, reflects steps to ensure leadership continuity atop the New York bank, Citigroup said.

—-

Lloyds Banking Group Beats Views Despite Car-Loan Provision Hit

The U.K.’s largest mortgage provider’s total net income increased 7% on year, slightly ahead of estimates.

—-

Financial Services Roundup: Market Talk

Find insight on NatWest, Lloyds, Swedbank and more in the latest Market Talks covering financial services.

—-

Market Rally Boosts Raymond James Earnings, but Shares Drop Thursday

The company’s fiscal fourth-quarter results beat Wall Street estimates, and Raymond James’ client assets under administration reached a record $1.73 trillion.

—-

Lending Stocks Took a Big Hit From Low-Profile Bankruptcies. Why There’s Hope.

The shares have recovered on Thursday, but remain far from recouping their large losses.

—-

Moody’s Lifts Outlook as Profit, Revenue Rise

The New York credit-ratings and research company raised its full-year outlook after logging higher profit and revenue in the third quarter.

—-

Financial Services Roundup: Market Talk

Find insight on Lloyds Banking Group, Swedbank and more in the latest Market Talks covering Financial Services.

(END) Dow Jones Newswires

October 24, 2025 07:15 ET (11:15 GMT)

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