--- title: "Dow Jones Top Financial Services Headlines at 4 PM ET: BlackRock Private-Credit Fund Faces 13% Redemption Requests | JPMorgan ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/289638423.md" description: "BlackRock's private-credit fund faces 13% redemption requests, capped at 5%. JPMorgan hosts SpaceX IPO events. Ken Leech pleads guilty to SEC probe obstruction. The ECB raises rates due to energy price spikes. Charles Schwab cuts ETF fees near zero. Crowe sells stake to KKR in a $3B deal. Citigroup rolls out tokenized private company shares. Other news includes SEC seeking to scrap best-price rules and PrimaLend sued for fraud." datetime: "2026-06-12T20:28:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289638423.md) - [en](https://longbridge.com/en/news/289638423.md) - [zh-HK](https://longbridge.com/zh-HK/news/289638423.md) --- # Dow Jones Top Financial Services Headlines at 4 PM ET: BlackRock Private-Credit Fund Faces 13% Redemption Requests | JPMorgan ... BlackRock Private-Credit Fund Faces 13% Redemption Requests Shareholders asked to redeem more than last quarter, though withdrawals will be capped at 5% again. \---- JPMorgan Chase Has a Key Role for SpaceX's IPO: Party Host Branded tomahawk steaks and "The Future is Public" cocktails will be served to guests, including executives. \---- Bond Investor Ken Leech Pleads Guilty to Obstructing SEC Probe Prosecutors accused the former chief investment officer of Western Asset Management of leading a cherry-picking fraud scheme. \---- Forget 'Too Big to Fail.' How 'Community' Became the Most Controversial Word in Banking. Regulators, lawmakers, and consumer groups are fighting over what it means to be a community bank. The debate has implications for lenders and borrowers everywhere. \---- Money-Market Funds Are as Appealing as Ever. Just Don't Back Up the Truck. Yields are stable, Fed interest-rate cuts are off the table, and increasing market volatility is adding to the allure of cash-like investments. \---- Financial Services Roundup: Market Talk Find insight on Lennar, SpaceX's IPO, cryptocurrencies and more in the latest Market Talks covering Financial Services. \---- SEC Seeks to Scrap Best-Price Rule The Securities and Exchange Commission said it wants to scrap a 2005 rule that calls for trading platforms to execute buy and sell orders at the best possible price. \---- Bankrupt Auto Financier PrimaLend Sued for Lending Fraud Lawsuit alleges the auto-dealership lender acted as a conflicted adviser to offload its risk in a troubled $46 million auto-loan portfolio. \---- Charles Schwab Fires Latest Shot in ETF Fee War, Cutting Expenses to Near-Zero The company's asset-management unit lowered costs for investors on four equity index funds. \---- Accounting Firm Crowe to Sell Stake to KKR in Nearly $3 Billion Deal The private-equity giant and co-investors would take a majority interest in a firm long resistant to outside ownership. \---- ECB Becomes First Major Central Bank to Raise Rates Since Inflation Resurgence The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world. \---- Citigroup Is Rolling Out Tokenized Shares of Private Companies The bank hopes other financial institutions will become involved. (END) Dow Jones Newswires June 12, 2026 16:15 ET (20:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [SCHW.US](https://longbridge.com/en/quote/SCHW.US.md) - [KKR.US](https://longbridge.com/en/quote/KKR.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [KKR-D.US](https://longbridge.com/en/quote/KKR-D.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) - [JPMO.US](https://longbridge.com/en/quote/JPMO.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [LEN.US](https://longbridge.com/en/quote/LEN.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.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) - [LEN.B.US](https://longbridge.com/en/quote/LEN.B.US.md) - [SCHW-D.US](https://longbridge.com/en/quote/SCHW-D.US.md) - [SCHW-J.US](https://longbridge.com/en/quote/SCHW-J.US.md) - [KKRS.US](https://longbridge.com/en/quote/KKRS.US.md) - [KKRT.US](https://longbridge.com/en/quote/KKRT.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [BlackRock seeks to buy at least $5 billion in SpaceX IPO shares, WSJ reports](https://longbridge.com/en/news/289493167.md) - [Assessing BlackRock (BLK) Valuation After Q1 2026 Earnings Beat And Alternatives Expansion](https://longbridge.com/en/news/289087186.md) - [Holding(s) in Company | EDVMF Stock News](https://longbridge.com/en/news/289278928.md) - [BlackRock Stock (BLK) Holds Steady Even as Redemption Pressure Jumps in Its Private Credit Funds](https://longbridge.com/en/news/289622614.md) - [SpaceX IPO Draws Massive Demand Ahead Of Historic Market Debut](https://longbridge.com/en/news/289518316.md)