Dow Jones Top Financial Services Headlines at 11 AM ET: Warburg Pincus Duo Prepare to Launch New Firm | Robinhood ...

Dow Jones
Jun 16

Warburg Pincus Duo Prepare to Launch New Firm

Two London-based dealmakers at Warburg Pincus are preparing to set up a private-equity firm, according to people familiar with the situation.

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Robinhood to Cut 10% of Workforce in Restructuring

Robinhood Markets will lay off about 10% of its workforce, representing roughly 290 jobs, aiming to cut costs and work more efficiently.

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Cyber Startup Ent Raises $100 Million in Seed Funding

Tapping in to the mania over Mythos and other supercharged vulnerability detectors, Ent aims to shift security tactics back to prevention.

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Clearlake Raises $14.8 Billion for Eighth Private-Equity Fund

The firm closed one of the largest recent private-equity funds after making several acquisitions to expand its alternatives offerings.

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Sixth Street Bets $143 Million on Chronograph to Secure Private-Market Data

The portfolio-monitoring firm is expanding into private credit as investors hunt for reliable data in opaque markets.

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Germany Rejects UniCredit's Commerzbank Bid, Calling Out 'Aggressive' Approach

The government voiced support for the German bank's independence and cited the lack of an appropriate premium in the UniCredit offer.

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Ant International-Backed Philippine Fintech Unicorn to File for IPO as Soon as This Month

A Philippine fintech unicorn backed by Ant International is planning to file an initial public offering prospectus as early as this month, aiming to raise more than $1 billion, people familiar with the matter said.

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Financial Services Roundup: Market Talk

Find insight on Rathbones, Maybank and more in the latest Market Talks covering financial services.

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Truist Names New CEO as Regional Bank Pushes to Boost Performance

Michael Lyons, previously Fiserv's CEO, will take the helm at the North Carolina-based lender in September.

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Debt Restructurings Often Accelerate New Defaults, Moody's Says

Measures to forestall creditors-such as distressed-debt exchanges and liability-management exercises-may not ease default risk.

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Anterra Capital Gets $100 Million Bag for Food and Ag

The venture-capital firm has held a first closing on a food-and-agriculture fund expected to reach $200 million by year-end.

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New Fund Backed by LVMH and Top Pro Athletes Invests in Activewear Brand

Cowboys quarterback Dak Prescott and Indiana Pacer Tyrese Haliburton are among the partners of the new fund investing nearly $50 million into Rhoback.

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Apollo, Neuberger Berman Lead $780 Million Secondary Deal for Abry's Centauri

Deal values healthcare-technology provider at over $1 billion and provides investors with liquidity while fueling the company's data-intelligence push.

 

(END) Dow Jones Newswires

June 16, 2026 11:00 ET (15:00 GMT)

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