Dow Jones Top Financial Services Headlines at 4 PM ET: Banks Fought Against Stablecoins. Now They Are Considering Launching Their Own. | Vanguard ...

Banks Fought Against Stablecoins. Now They Are Considering Launching Their Own.

Executives are on the defensive as companies outside of the banking system launch coins.

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Vanguard Buys Wealth Management Platform Altruist in $4 Billion Deal

The world's second-biggest investment firm is making a bigger push into financial advice.

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Wall Street's biggest optimist says he 'wouldn't jump into the AI trade right now'

Ed Yardeni, who has been called the most bullish person on Wall Street, says he hasn't been bullish enough on the stock market.

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There's so much betting against long-term bonds that a turnaround could catch investors off guard, says Citadel Securities

Citadel Securities' strategist Frank Flight says a bet that appears to be one-sided against long-term bonds could be setting up for a painful unwind.

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Victory Capital to Buy First Eagle for $7 Billion

Victory Capital Holdings agreed to acquire First Eagle Investments for about $7 billion, a deal the companies said will create one of the largest publicly traded traditional asset managers in the U.S., with roughly $571 billion in total client assets.

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Financial Services Roundup: Market Talk

Find insight on European banks, Scotiabank, National Bank of Canada and more in the latest Market Talks covering financial services.

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Regulators Probing Near-Collapse of Hedge Fund Situational Awareness

The SEC has sought information from banks that provided financing to supercharge the hedge fund's AI-centric bets.

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Mark Walter's Troubles Are Disrupting the Insurance World's Hottest Trade

Investors are questioning a $4.1 billion takeover of Brighthouse Financial because of some parallels to Walter.

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Bank of Montreal Plans to Buy Back Shares After Strong Quarter

The big Canadian lender benefited from double-digit revenue growth and an improved credit performance in its fiscal third quarter, with the lowest provision on impaired loans in the last 10 quarters, though its bottom line was squeezed by one-time charges for its exit from certain businesses.

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Scotiabank Earnings Lifted by Record Result in Wealth Management

Bank of Nova Scotia notched a rise in third-quarter earnings, driven by strong results across its business lines that included a record result from its global wealth management and global banking and markets operations.

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Why Stan Druckenmiller Is Right About the Bond Market-and Warsh Knows It

'The long-term Treasury yield is the only fiscal disciplinarian the U.S. has left,' says billionaire investor Stanley Druckenmiller.

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nCino Is Betting Big on Agentic AI. A Slowing Growth Outlook Is Dragging Down the Stock.

While the company beat revenue expectations, its guidance forecasts modest growth.

(END) Dow Jones Newswires

August 26, 2026 16:15 ET (20:15 GMT)