News Highlights: Top Financial Services News of the Day - Friday at 12 AM ET

Dow Jones
07 Mar
 
Trump Signs Executive Order Officially Establishing Crypto Reserve 
 

The U.S.'s stockpile will favor bitcoin and won't include purchases that cost taxpayers money, the Trump administration says.

 
The Polarizing Crypto Executive Who Wooed His Way Into Trump's Orbit 
 

Ripple CEO Brad Garlinghouse stands to benefit from the inclusion of the XRP token in a U.S. digital-asset stockpile.

 
How the Biggest Crypto Hack Ever Nearly Destroyed the World's No. 2 Exchange 
 

Bybit survived, thanks to emergency loans from its peers, but questions over the crypto industry's security linger.

 
Australia's Insignia Opens Books to Bain After $2.1 Billion Proposal 
 

Bain Capital will get a look at Insignia Financial's books after it sweetened its offer for the Australian wealth manager to about US$2.12 billion.

 
Interim SEC Chair Uyeda Sees Lighter Role for the Regulator 
 

Mark Uyeda declined to discuss the effect of staff cuts on SEC enforcement.

 
Washington Signals Plans to Open Private Funds to More Investors 
 

Momentum is building in the Trump administration and Congress to change rules blocking most Americans from investing in private equity.

 
New GOP Bill Aims to End 'Debanking' of Crypto Companies and Conservatives 
 

Sen. Tim Scott wants to prohibit regulators from considering so-called reputational risks when evaluating banks' business practices.

 
The Recession Trade Is Back on Wall Street 
 

Bank stocks and the Russell 2000 have slumped on growth concerns, while Treasurys and gold have rallied.

 
ECB Cuts Rates to Guard Stalled Economy Against Tariff Threats 
 

The ECB cut rates by a quarter point, aiming to buffer an economy threatened by tariffs and a sudden need to ramp up military spending.

 
Apollo and Motive Partners Create a Private-Markets Client Services Provider 
 

The venture's offerings are designed to make it easier for fund managers to interact with the growing ranks of wealthy investors.

 
 

(END) Dow Jones Newswires

March 07, 2025 00:00 ET (05:00 GMT)

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