Dow Jones Top Financial Services Headlines at 4 PM ET: Digital Bank Revolut, Europe's Most Valuable Startup, Valued at $115 Billion | The ...
MorningStar·- Digital bank Revolut's valuation increased to $115 billion following a secondary share sale that raised it by approximately 50%. - Brokerages are now charging ETF firms for product placement, impacting individual investors with increased costs. - Private-equity funds are facing record high assets trapped in 'zombie funds' as managers struggle to liquidate remaining investments.