News Highlights: Top Financial Services News of the Day

03/08/18 07:15 AM 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.

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.

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.

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.

Reports of Problems at Crypto Exchange Send Bitcoin Tumbling 

Prices for bitcoin and other cryptocurrencies fell sharply on Wednesday after reports emerged about a major bitcoin exchange having problems executing orders.

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

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

Asian Bond Trading Gets a Push From BlackRock 

BlackRock and bond-trading platform operator MarketAxess are expanding a nearly five-year partnership in electronic trading to Asia.

Lawmakers Expand Scope of Senate Bank-Deregulation Bill 

Senators expanded a bipartisan bill aimed at rolling back postcrisis rules, adding a provision aimed at limiting regulators' ability to restrict commercial-real-estate lending and clarifying U.S. regulators can tightly oversee foreign banks with significant U.S. operations.

Fresh Evidence of Flaring Wage Growth Appeared in Fed's Beige Book 

Employers across the U.S. said wage growth picked up since the beginning of the year, according to a Federal Reserve report released Wednesday, signaling the tight labor market may be forcing employers to beef up paychecks to compete for workers.


(END) Dow Jones Newswires

March 08, 2018 07:15 ET (12:15 GMT)

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