Dow Jones Top Financial Services Headlines at 12 AM ET: How Stablecoins Can Be Destabilizing | Australia's ...

How Stablecoins Can Be DestabilizingBanks will retain lots of deposits, but they might become bigger and less reliable.----Australia's Securities Regulator Launches Inquiry Into ASXThe regulator has launched an inquiry after what it called repeated and serious failures that raise doubts over ASX's ability to maintain critical trading infrastructure.----Trump Disclosure Shows $57 Million in Earnings From Early Crypto PushThe president's assets were valued at roughly $1.7 billion, according to a Wall Street Journal analysis.----The Frenzied Pursuit of Wall Street's Low-Profile All-StarsThe world's most elite hedge funds are in a pitched battle for talent. The price tag for a young stock picker can now top $100 million.----Groupe BPCE to Buy Novo Banco for $7.4 BillionThe French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking.----Lawyers, Auditors to Cough Up Fees After Financial Company's $2 Billion CollapseThe litigation trust for bankrupt financial company GWG Holdings has obtained settlements from some of its professional advisers while pursuing lawsuits against others.----Chime Financial Is the Latest IPO to Soar in DebutChime Financial's stock jumped in its stock-market debut Thursday, the latest sign the U.S. initial public offering market is awakening.----Why Larry Fink Sees BlackRock Shares, Income Doubling by 2030The world's largest asset manager plans to raise $400 billion from clients by 2030 for its funds that invest in private equity, private credit, real estate, infrastructure and other so-called alternatives to public stocks and bonds.----Financial Services Roundup: Market TalkFind insight on ESG funds, ASX's five-year strategy and more in the latest Market Talks covering financial services.----Norway Wealth Fund Finds TD Bank an 'Unacceptable Risk'Norway's $1.9 trillion sovereign wealth fund has placed Toronto-Dominion Bank under observation for a period of four years over financial crime concerns.----Coatue Management's Philippe Laffont Sees 2025 as 'Year of the Privates'The investor points to artificial intelligence and other disruptive technologies as key areas for future investment.----Professional Investors Worry They're Falling Behind in Alts, Survey FindsMore than 90% of institutional investors and advisors say they plan to increase their exposure to private markets in the next two years.