Dow Jones Top Financial Services Headlines at 7 AM ET: UBS Names New Chief Operating Officer in Executive Reshuffle | NatWest ...
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UBS has appointed a new COO, Lukas Gaehwiler, who will retire after 45 years in the sector. NatWest shares surged after strong customer activity boosted results. Blackstone anticipates a high number of IPOs for its portfolio. PrimaLend filed for bankruptcy, while Fannie Mae's CEO stepped down amid IPO considerations. Citigroup's CEO has taken on the chair role, and Lloyds Banking Group exceeded expectations despite a car-loan provision hit. Raymond James reported strong earnings but saw a drop in shares. Moody's raised its outlook following profit and revenue increases.
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