News Highlights: Top Financial Services News of the Day
Fed Considering 'Broad Revisions' to Volcker Rule Compliance
The Federal Reserve is considering "broad revisions" to how banks comply with a rule that prevents them from engaging in certain types of trading and investing.
Chicago Stock Exchange Ends Proposed Sale to Chinese Investors
The Chicago Stock Exchange has ended a two-year effort to sell a major stake to Chinese investors, after U.S. regulators rejected the deal last month.
Next Up for Amazon: Checking Accounts
Amazon.com is in talks with big banks about building a checking-account-like product the e-commerce giant could offer customers.
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.
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.
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.
(END) Dow Jones Newswires
March 06, 2018 00:15 ET (05:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.