Dow Jones Top Financial Services Headlines at 7 AM ET: Stablecoin World Opens Up to Smaller Banks | Chinese ...

Dow Jones
2025/06/23

Stablecoin World Opens Up to Smaller Banks

Regional and community banks will be able to get in on the stablecoin market through Fiserv ventures with crypto firms and PayPal.

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Chinese Stocks and American Exchanges Head for a Breakup

A delisting push is adding to the unraveling of Wall Street's love affair with China Inc.

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The Most Exclusive Credit Cards Are About to Get Even More Expensive

Forget inflation fears: Companies are finding that raising prices is good for business.

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Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger

Chicago-based Northern Trust has a market value north of $21 billion. The firms' chief executives had at least one conversation.

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Goldman Takes the Lead in Carry Pay for Bankers

The Wall Street bank distributed more than $9 million in profits from private-markets operations to top executives this year.

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Accenture Shares Fall on Bookings Decline, Concerns Over Federal Contract

The drop in bookings came as the consulting firm posted higher sales and profit in the third quarter.

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UniCredit's Banco BPM Bid Gets Conditional EU Nod

The decision clears a hurdle for the deal to go ahead after Italian officials tried to intervene on national security grounds.

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Aflac Says Personal Info May Have Been Stolen in Cyberattack

Aflac has been hit with a cyberattack that may have resulted in the theft of personal data related to the insurer's U.S. business.

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Kering Replaced by Rheinmetall in the Euro Stoxx 50 Index

It is the first time Rheinmetall will join the index-which provides a representation of sector leaders in the eurozone-a group Kering has been part of since 2018.

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Switzerland's New Capital Rules Will Be Feasible for UBS, Central Bank Says

The required capital increase will be achievable for the banking giant and shouldn't excessively reduce its shareholder distributions, the Swiss National Bank said.

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Bank of Montreal to Buy Burgundy Asset Management

The $456.4 million acquisition expands the bank's wealth management segment as well as strengthen its offering in the Canadian Investment Counsel space, the companies said.

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Financial Services Roundup: Market Talk

Find insight on Bank of Montreal, U.K. fintechs, Amundi, and more in the latest Market Talks covering Financial Services.

 

(END) Dow Jones Newswires

June 23, 2025 07:00 ET (11:00 GMT)

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