Dow Jones Top Financial Services Headlines at 12 AM ET: He Crafted a Crypto Law for Trump-as His Company Got Millions From a Crypto Giant | A ...

He Crafted a Crypto Law for Trump-as His Company Got Millions From a Crypto Giant

Money from Tether flowed to Nxum while Bo Hines worked in the White House on landmark stablecoin legislation. Once the law passed, Tether hired him as its U.S. chief.

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A Swiss Banking Giant Thinks the Unthinkable: Moving Out of Switzerland

The bank has received approaches from potential U.S. deal partners as it publicly spars with Swiss politicians over substantially higher capital requirements.

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The AI Boom Is Supercharging Wall Street's Profits

Investment banking revenues are up, and wealth-management divisions are winning new AI millionaires as clients.

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Wall Street Worries Bank of America's Problems Will Linger

Weak earnings coupled with a fine has analysts pressing executives about whether there is more pain to come.

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Debanking Probe Finds JPMorgan, Banks Cut Off MAGA Sellers and Democrat Groups

An investigation by a Trump regulator detailed examples of businesses and individuals getting shut out by the nation's biggest banks.

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Merrill Lynch's Fee-Based Advisory Assets Just Hit a Record $1.9 Trillion

The wealth division of Bank of America reported strong third-quarter results amid a challenging period for the parent company.

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Fed's Bowman Says Inflation Above Goal, But No Urgency to Act

There is room to assess economic developments before taking further monetary policy action, said Michelle Bowman, the Federal Reserve's vice chair of supervision.

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Bank of America Settlement Charge Hits Profit, Morgan Stanley Profit Climbs

Bank of America reported a lower third-quarter profit, mostly tied to a regulatory settlement charge, while Morgan Stanley's overall profit and revenue climbed.

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Fairfax Financial Buying Majority Stake in India's IDBI Bank

Canada's Fairfax Financial is positioning itself in India's fast-growing financial services industry with the acquisition of a majority stake in IDBI Bank for about $5.43 billion.

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Financial Services Roundup: Market Talk

Find insight on Intercontinental Exchange, Morgan Stanley, Bank of America, State Street and more in the latest Market Talks covering Financial Services.

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Rising Interest Rates Threaten to Spoil the Party for Big Banks

Goldman Sachs and JPMorgan post higher profit, but the mood on Wall Street is becoming more cautious.

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No Buffett, No Problem? Berkshire's Stock Marks Best Winning Streak in 2 Years.

The conglomerate's B shares have notched nine straight days of gains.

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Higher Rates Are Coming for Private Equity-and Smaller Firms Are Already Hurting

Firms are facing employee turnover as hopes for payouts dim amid sluggish exits.

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LSEG Mulls $3.5 Billion Bid for Permira-Owned Octus

The stock exchange owner has made data and analytics a central part of its business in recent years.

(END) Dow Jones Newswires

October 15, 2026 00:00 ET (04:00 GMT)