--- title: "Dow Jones Top Financial Services Headlines at 7 AM ET: The More You Know About This Private-Credit Fund, the Less You Understand | ABN ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/286251242.md" description: "The latest financial news highlights several key developments: ABN Amro's shares rose after cost control measures improved profits; Allianz reported a net profit of €3.69 billion; Zurich Insurance saw an 18% increase in property-casualty premiums; PayPal reached a $30 million settlement with the Justice Department; Munich Re's net profit rose to €1.71 billion; and Monte dei Paschi's profit increased to €520.8 million. Additionally, a private-credit fund faced a $1.7 billion loss, and Duration Ventures aims to raise $375 million for AI startups." datetime: "2026-05-13T11:25:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286251242.md) - [en](https://longbridge.com/en/news/286251242.md) - [zh-HK](https://longbridge.com/zh-HK/news/286251242.md) --- # Dow Jones Top Financial Services Headlines at 7 AM ET: The More You Know About This Private-Credit Fund, the Less You Understand | ABN ... The More You Know About This Private-Credit Fund, the Less You Understand A close look at a Blue Owl credit fund's holdings raises questions about its valuations. \---- ABN Amro Shares Climb After Cost Control Lifts Profit The Dutch bank's earnings beat analysts' expectations and it said full-year costs would be lower than forecast. \---- Allianz Profit Rises on Robust Property-Casualty Results Europe's largest insurer by market capitalization booked €3.69 billion in net profit attributable to shareholders in the first quarter. \---- Zurich Insurance Reports Growth in Premiums Across Divisions Gross written premiums for its property-and-casualty division rose 18%. On a like-for-like basis, property-and-casualty premiums grew 8%. \---- PayPal Reaches $30 Million Pact With Justice Department Over Minority Funding The case is part of the Trump administration's campaign against corporate DEI initiatives. \---- Munich Re Profit Rises With Marginal Hit From Iran War The reinsurer reported a rise in first-quarter net profit to €1.71 billion and a limited hit in claims from the Iran war. \---- Monte dei Paschi Net Profit Rises on Mediobanca Contribution The bank's net profit was €520.8 million compared with €413.1 million in the year-earlier period, before the Mediobanca acquisition. \---- Private-Credit Blowup Leaves $1.7 Billion Missing, Six Ferraris Found Bankruptcy administrators allege that Market Financial Solutions owner Paresh Raja transferred more than half a billion dollars into personal accounts. \---- Duration Ventures, Founded by Alumni of GC and Lightspeed, Aims for $375 Million Fund Arif Janmohamed and Trevor Oelschig are teaming up to invest in early-stage enterprise AI startups. \---- Financial Services Roundup: Market Talk Find insight on EQT, Munich Re and more in the latest Market Talks covering financial services. \---- S2G Investments Raises $1 Billion for First Fund As Independent Firm The new fund backs companies focused on energy and food security. \---- JPMorgan and the Delicate Art of Paying Off Employees A staffer raises an embarrassing claim. An investigation follows. Deciding what to do next-and whether to offer a payout-gets complicated for employers. \---- KKR Private-Credit Fund Takes $560 Million Loss The firm will invest $300 million in an effort to bolster the fund as loan defaults climb. \---- The Insider-Trading Scandal That Is Rocking M&A Law Firms A job-hopping lawyer accessed files and recruited lawyers at elite firms to tip traders about pending deals, prosecutors say. (END) Dow Jones Newswires May 13, 2026 07:15 ET (11:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [ALV.DE](https://longbridge.com/en/quote/ALV.DE.md) - [MUV2.DE](https://longbridge.com/en/quote/MUV2.DE.md) - [OWL.US](https://longbridge.com/en/quote/OWL.US.md) - [ALIZY.US](https://longbridge.com/en/quote/ALIZY.US.md) - [ZURVY.US](https://longbridge.com/en/quote/ZURVY.US.md) - [PYPL.US](https://longbridge.com/en/quote/PYPL.US.md) - [MURGY.US](https://longbridge.com/en/quote/MURGY.US.md) - [LSPD.US](https://longbridge.com/en/quote/LSPD.US.md) - [EQT.US](https://longbridge.com/en/quote/EQT.US.md) - [EQT.AU](https://longbridge.com/en/quote/EQT.AU.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [KKR.US](https://longbridge.com/en/quote/KKR.US.md) - [OBDE.US](https://longbridge.com/en/quote/OBDE.US.md) - [OBDC.US](https://longbridge.com/en/quote/OBDC.US.md) - [OTF.US](https://longbridge.com/en/quote/OTF.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) - [KKRS.US](https://longbridge.com/en/quote/KKRS.US.md) - [KKR-D.US](https://longbridge.com/en/quote/KKR-D.US.md) - [KKRT.US](https://longbridge.com/en/quote/KKRT.US.md) ## Related News & Research - [Allianz SE Earnings Call Highlights Profits and AI Push](https://longbridge.com/en/news/287028161.md) - [Barclays Remains a Sell on Allianz (0M6S)](https://longbridge.com/en/news/286228405.md) - [Is AI a bubble? 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