Dow Jones Top Financial Services Headlines at 7 AM ET: Big Banks, Worried About Being Trump's Next Target, Race to Appease Republicans | New ...

Dow Jones
Jun 24, 2025

Big Banks, Worried About Being Trump's Next Target, Race to Appease Republicans

Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.

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New Secondary Fund Aims to Capitalize on Venture's Liquidity Crunch

Scenic Management's $150 million fund doubles down on firm's strategy of acquiring startup shares from VC firms and employees.

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How Visa and Mastercard Can Survive the Stablecoin Threat

Stablecoins' quickest path to consumer wallets may be working with today's players.

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Insurers 'Under Siege' by Notorious Hacking Group

Scattered Spider, which is suspected to be behind data breaches at Marks & Spencer, Victoria's Secret and other retailers, appears to be setting its sights on insurance companies.

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Stablecoin World Opens Up to Main Street 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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Direct Line CEO and CFO to Step Down Amid Aviva's Acquisition Process

The executives at the helm of the U.K insurance company are stepping down as part of a management reshuffle and will be on paid leave for the first two months of their notice period.

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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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Financial Services Roundup: Market Talk

Find insight on the outlook for European banks, Plus500 and more in the latest Market Talks covering Financial Services.

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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.

 

(END) Dow Jones Newswires

June 24, 2025 07:00 ET (11:00 GMT)

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