Dow Jones Top Financial Services Headlines at 12 AM ET: JPMorgan Cuts All Ties With Proxy Advisers in Industry First | JPMorgan …

Here are the key developments across banking, insurance, fintech, venture capital and markets as of 12 AM ET.

JPMorgan Ends Use of Proxy Advisers, Embraces In-House AI Voting

JPMorgan’s asset-management arm will stop relying on third-party proxy advisers and instead use an internal, AI-enabled platform to cast shareholder votes. The move, billed as a first among large asset managers, centralizes voting decisions and could influence how big institutions approach corporate governance and stewardship.

JPMorgan to Take Over the Apple Credit Card From Goldman Sachs

JPMorgan Chase has reached an agreement to assume the Apple Card portfolio, a business currently managed by Goldman Sachs. As part of the handoff, Goldman is expected to sell the outstanding balances at a discount exceeding $1 billion, marking a significant retreat from consumer lending for the bank and a strategic expansion for JPMorgan in co-branded cards.

India Regulator Says Bank of America Shared Confidential Data Before Block Trade

India’s securities regulator concluded that Bank of America improperly shared confidential information ahead of a 2024 block trade involving roughly $180 million in stock, and that the bank misled investigators during the probe. The finding raises fresh questions about information controls around large share placements in global markets.

Berkshire Hathaway Successor Greg Abel Poised for One of Top S&P 500 CEO Salaries

Greg Abel, set to succeed Warren Buffett, is expected to receive $25 million in salary. That figure sits well above the median total pay for S&P 500 chiefs, even though many peers ultimately earn more through stock and options awards. The compensation underscores the scale and complexity of Berkshire’s operations under new leadership.

World Liberty Seeks U.S. Bank Charter to Power Dollar-Backed Stablecoin

World Liberty Trust, a flagship in the Trump family’s crypto ventures, is pursuing a U.S. banking license. A charter would let the firm issue and safeguard a dollar-backed stablecoin tied to World Liberty Financial’s broader initiatives, potentially bridging traditional banking supervision with digital-asset infrastructure.

Polymarket and Dow Jones to Feature Prediction-Market Data Across Content

Dow Jones plans to incorporate Polymarket’s prediction-market data in dedicated modules across its digital properties, presenting real-time odds on topics spanning economics, politics and culture. The collaboration aims to add probabilistic context to news coverage and market analysis.

Venture Capital Fundraising in the U.S. Slumps 35%

U.S. venture funds raised significantly less capital, falling 35% as startups stayed private longer and investors concentrated commitments with the most established firms. The barbell effect persists: top-tier managers are attracting a larger share of dollars while emerging managers contend with tighter fundraising conditions.

Healthcare Startup Targets At-Home Cancer Care

Luminate Medical, based in Galway, Ireland, raised $21 million to roll out in-home drug infusions for cancer patients and to advance devices designed to mitigate chemotherapy side effects. The effort reflects a broader push toward decentralized care that reduces hospital burdens and improves patient comfort.

Bond Market’s Message Boosts Bank Stocks Ahead of JPMorgan Results

A steeper yield curve and a pickup in dealmaking are brightening the outlook for banks as JPMorgan’s earnings approach. Analysts expect the financials sector to contribute roughly one-fifth of S&P 500 profits this season. Market chatter also centers on first-time homebuyers, ESG trends and demand for euro credit default protection.

AIG Shares Fall on CEO’s Surprise Exit Plan

AIG’s stock slid after its chief executive unveiled plans to step down. Eric Andersen, a veteran of Aon, is slated to take over following a volatile period for the insurer. Investors are watching for continuity in strategy and clarity on capital deployment under new leadership.

Fed’s Miran: No Talks With Trump, Not Seeking Chair Job

Federal Reserve governor Stephen Miran said he hasn’t discussed the Fed chair role with President Trump, isn’t among the finalists for the post and has not sought the position. The remarks aim to quell speculation as markets handicap future leadership at the central bank.

These developments highlight ongoing shifts in corporate governance, consumer finance partnerships, regulatory oversight, digital assets, and capital formation, setting the tone for the next leg of earnings and policy debates.