--- title: "Dow Jones Top Financial Services Headlines at 11 AM ET: Inside an Alleged $1.2 Billion Ponzi Scheme That Left Investors Holding Crashed Stock | VC ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/300458048.md" description: "Dow Jones headlines cover a $1.2B alleged Ponzi scheme involving Z Squared, Goldman Sachs' potential CEO succession plan, and Jefferies' stock drop despite earnings beats. Other key updates include Citi's Coinbase partnership for stablecoin payments, Blackstone executive departures, Eurozone lending declines, New York suing Polymarket, and BlackRock tokenizing portfolios on the blockchain." datetime: "2026-09-29T15:21:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300458048.md) - [en](https://longbridge.com/en/news/300458048.md) - [zh-HK](https://longbridge.com/zh-HK/news/300458048.md) generator: "portal-rs" --- # Dow Jones Top Financial Services Headlines at 11 AM ET: Inside an Alleged $1.2 Billion Ponzi Scheme That Left Investors Holding Crashed Stock | VC ... Inside an Alleged $1.2B Ponzi Scheme That Left Investors Holding Crashed Stock Z Squared began trading on Nasdaq in April, part of a plan to get investors out of a private-equity fund. ---- VC Firm Friends & Family Says Founders Want Finance Help, Not More Board Members Launched by brothers-in-law with an extensive Silicon Valley network, the firm has raised $300 million for fourth fund. ---- Goldman's Board Has Discussed a Plan to Name John Waldron as Its Next CEO Under the plan, David Solomon, who has led the bank since 2018, would step down as soon as next year and be executive chair. ---- Financial Services Roundup: Market Talk Find insight on Legal & General Group, Julius Baer Gruppe, Pinnacle Investment Management and more in the latest Market Talks covering Financial Services. ---- Jefferies Stock Falls Despite Earnings Beat and Record Banking Revenue Jefferies Financial Group reported a 16% increase in quarterly profit, but its shares slipped after hours. ---- Citi Expands Digital-Assets Footprint With Coinbase Partnership Coinbase, the largest U.S. crypto exchange, will provide the digital rails enabling the bank's corporate clients to make payments with stablecoins. ---- Entain, Flutter Take Stock of Brazil's Online-Betting Ban Entain said it expects to achieve the lower end of its earnings guidance ranges for this year after a new ban on online betting in Brazil. ---- Blackstone's Top Private-Equity Executive Is Preparing to Leave Firm Joseph Baratta would be the latest of several senior executives to leave private-investment giant. ---- Bank Lending to Eurozone Businesses Halved in August The decline is a sign that rising borrowing costs following the European Central Bank's decision to raise its key interest rate are hindering investment. ---- Brookfield Has an Enviable Record of Boosting Profits. Its Stock Looks Cheap. The Canadian alternative-asset manager is valued at 55% of a recent estimate of its asset value. ---- New York State Sues Polymarket in Escalating Crackdown on Prediction Markets The company and rival Kalshi are facing legal challenges from states around the country. ---- The Rise of the Almost-Premium Credit Card Higher annual fees on top-tier cards have led to a reshuffling of the market, with cards just below that level targeting the not-quite-rich enough. ---- BlackRock Investment Portfolios Debut on the Blockchain as Digital Tokens Three model portfolios developed by the money manager will hold baskets of ETFs and be tokenized by Ondo Finance. ---- Kalshi's Embrace of Sports Betting Tests Rules for Prediction Markets Judges have reached conflicting decisions on whether the platform is evading state laws, setting up a potential Supreme Court showdown. (END) Dow Jones Newswires September 29, 2026 11:15 ET (15:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [BN.US](https://longbridge.com/en/quote/BN.US.md) - [BX.US](https://longbridge.com/en/quote/BX.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [JEF.US](https://longbridge.com/en/quote/JEF.US.md) - [ZSQR.US](https://longbridge.com/en/quote/ZSQR.US.md) - [ATC.US](https://longbridge.com/en/quote/ATC.US.md) - [COIA.US](https://longbridge.com/en/quote/COIA.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [COIO.US](https://longbridge.com/en/quote/COIO.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [COIX.US](https://longbridge.com/en/quote/COIX.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [CONX.US](https://longbridge.com/en/quote/CONX.US.md) - [CONY.US](https://longbridge.com/en/quote/CONY.US.md) - [COYY.US](https://longbridge.com/en/quote/COYY.US.md) - [FIAT.US](https://longbridge.com/en/quote/FIAT.US.md) - [GSX.US](https://longbridge.com/en/quote/GSX.US.md) - [ICOI.US](https://longbridge.com/en/quote/ICOI.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [REKT.US](https://longbridge.com/en/quote/REKT.US.md) - [07711.HK](https://longbridge.com/en/quote/07711.HK.md) - [09311.HK](https://longbridge.com/en/quote/09311.HK.md) - [ENT.UK](https://longbridge.com/en/quote/ENT.UK.md) ## Related News & Research - [Inflexion sells majority stake in Celnor to Goldman Sachs Alternatives](https://longbridge.com/en/news/302901106.md) - [How Investors May Respond To Goldman Sachs Stock Tokenization Push](https://longbridge.com/en/news/302356411.md) - [Blackstone: 3 key takeaways for long-term investors](https://longbridge.com/en/news/302971364.md) - [Is Blackstone a Buy After Its Latest Earnings Report?](https://longbridge.com/en/news/302916090.md) - [Blackstone CEO Sounds Alarm on AI Supply Crunch: 'Seldom in My Career Have I Seen' Anything Like It](https://longbridge.com/en/news/302763323.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**