News Highlights: Top Financial Services News of the Day
Credit-Card Losses Surge at Small Banks
Small banks have been fighting for a bigger piece of the credit-card market in search of higher returns. Now, they're contending with rising losses.
AXA to Buy Insurer XL Group for $15.3 Billion
French financial giant AXA said it would buy New York-listed insurance company XL Group for $15.3 billion, creating one of the world's biggest property and casualty insurers.
Berkshire Hathaway Is Again Expanding in Germany
Berkshire Hathaway's real-estate brokerage network is adding its first international franchisee, in Berlin, broadening the conglomerate's ties to Germany.
Big Banks Enter Branch Warfare
JPMorgan Chase and Bank of America have announced plans recently to open branches in new markets. Investors shouldn't dismiss these moves.
Why Some Pension Funds Aren't Giving Up Their Guns
U.S. public pension funds have been largely silent in the face of growing pressure to divest holdings in gun manufacturers, illustrating how complicated the issue has become for overseers of retirement assets as their liabilities rise and funding problems mount.
U.S.-Stock Funds Gave Up Nearly All of 2018's Gains in Jittery February
After a lull, volatility is back, and fund investors are feeling it.
Why the Strong Economy Is a Poor Predictor for the Stock Market
The stock market usually tops out well before the economy slips into a recession.
Taxi Study Finds Increase in Trips Between Fed, Banks Around FOMC Meetings
The study's author said the findings suggest an increase in informal communications between Fed employees and individuals in the private sector could be occurring. The New York Fed disputed the study's assertions.
Crypto Investing Comes With a Big Risk: The Exchanges
Investors have lost around $1.4 billion since 2014 in hacks of cryptocurrency exchanges, showing the vulnerability investors can face when buying unproven, speculative tokens on startup venues that aren't regulated.
Expedia Picks AIG to Sell Travel Insurance on its Websites
American International Group said it has been selected to sell travel insurance to customers of Expedia's websites, part of AIG's larger effort to earn more revenue from consumers.
(END) Dow Jones Newswires
March 05, 2018 07:15 ET (12:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.