News Highlights: Top Financial Services News of the Day

02/26/18 11:15 AM EST
Fidelity Rethinks Stock-Picker System 

Fidelity Investments is considering abandoning the investment process that made its managers famous after the mutual-fund giant received complaints about alleged sexual harassment and other misconduct.

Buffett: My Political Views Shouldn't Sway Berkshire's Investments 

Berkshire Hathaway Chief Executive Warren Buffett said it would be "ridiculous" for the conglomerate not to do business with gun makers, noting that he doesn't want to impose his political views on Berkshire's investment decisions or business operations.

ECB's Draghi Says Stimulus Still Needed to Lift Inflation 

European Central Bank President Mario Draghi on Monday said an ample degree of monetary stimulus remained necessary to lift inflation in the eurozone in line with its target.

Fed's Bullard Sees No Need to Raise Rates 'Substantially' Over Next Two Years 

St. Louis Fed President James Bullard said he sees no need to raise the Fed's benchmark interest rate much over the next two years because economic factors holding growth low are unlikely to shift.

Anbang's Rescue Is China's Too-Big-to-Fail Moment 

A Chinese government takeover of Anbang Insurance Group throws a lifeline to its policyholders-support denied to frustrated clients of some lesser-known financial firms when those companies hit turbulence before ultimately collapsing.

Deutsche Bank to Go Ahead With DWS IPO 

Deutsche Bank plans to go ahead with the listing of its asset-management business DWS at the earliest opportunity, it said.

Trump's SEC Makes Slow Progress on Trimming Rules 

Jay Clayton, President Donald Trump's pick to lead the U.S. Securities and Exchange Commission, can point to a series of small, targeted actions aimed at easing the regulatory burden for companies nearly 10 months into his tenure.

Investors' Zeal to Buy Stocks With Debt Leaves Markets Vulnerable 

Investors borrowing record sums to bet on stocks exacerbated this month's selloff, after they were hit with calls to reduce those obligations and forced to sell shares to raise cash.

Blackstone Wants To Know About Funds' Gun Investments 

Blackstone Group asked outside fund managers over the weekend to detail their ownership in companies that make or sell guns, requesting the information by Sunday night, according to people familiar with the matter.

McKinsey & Co. Names Kevin Sneader New Global Managing Partner 

Consulting giant McKinsey & Co. said Kevin Sneader, who leads its Asia-Pacific operations, will take over as the firm's global managing partner in July.


(END) Dow Jones Newswires

February 26, 2018 11:15 ET (16:15 GMT)

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