News Highlights: Top Financial Services News of the Day

03/08/18 04:15 PM EST
Free Credit Freezes Coming for All U.S. Consumers 

Consumers are on track to get one thing from Congress in response to last year's massive Equifax hack: free freezes of their data held by the credit-reporting companies.

Merrill Lynch Settles SEC Claims Over Sale of Chinese Company's Shares 

Merrill Lynch unit agreed to pay $1.4 million to settle SEC allegations that it didn't do enough to investigate red flags at a Chinese company whose unregistered securities it sold.

Is More of the Same Enough for American Express? 

American Express has a new leader, but its strategy and message haven't changed much. That may not cut it in a highly competitive and rapidly changing payments landscape.

Harvard Economists Join Chorus of Tax-Law Skeptics 

The recent changes to the U.S. tax law will increase economic growth modestly but not fast enough to pay for themselves, according to a new estimate from a pair of economists from different sides of the political spectrum.

After Nine Years, How Long Can This Bull Live? 

Living for so long with the bull market, it's easy to buy into the idea that the only things that can halt it are a recession or the Federal Reserve.

Cigna Agrees to Buy Express Scripts for More Than $50 Billion 

Cigna plans to buy Express Scripts in a cash-and-stock deal worth $52 billion that the companies say will expand their health-care offerings and help them control costs.

Japan Suspends Trading on Two Cryptocurrency Exchanges 

Japan's financial regulator punished several cryptocurrency exchanges on Thursday, part of new restrictions following an apparent $530 million heist at one of its larger crypto platforms, Coincheck.

Former Pharma Executive Martin Shkreli Set to Learn Fate Friday 

Former pharmaceutical executive Martin Shkreli is set to be sentenced Friday on federal securities-fraud charges, in a hearing that will likely be a referendum on Mr. Shkreli's public persona as well as his criminal conduct.

Aviva To Return GBP500M as Profits Rise 

Aviva said it expects to return GBP500 million in excess cash to shareholders in 2018 after reporting a 2% rise in annual operating profit.

ECB Contends With Inflation, Trade Risks as It Weighs Stimulus Exit 

The ECB must weigh economic strength against sluggish inflation, political uncertainty and potential trade wars as it considers how quickly to phase out bond buying and start raising interest rates.


(END) Dow Jones Newswires

March 08, 2018 16:15 ET (21:15 GMT)

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