News Highlights: Top Financial Services News of the Day
Slow Fed Balance Sheet Unwind May Be Destabilizing Markets, Fed's George Says
Kansas City Fed Chief Esther George warned the languid pace of the central bank's balance sheet shrinkage effort may be causing negative effects on financial markets, in remarks that again called for continued rate rises.
Voya to Pay $3.6 Million to Settle SEC Charges
The Securities and Exchange Commission said two subsidiaries of Voya Financial Inc. agreed to pay $3.6 million to settle charges that they failed to disclose conflicts of interest and misled mutual-fund investors.
Soured Lehman Mortgage Claims Valued at $2.4 Billion
Lehman Brothers caused $2.4 billion in damages to investors holding securities backed by shaky home mortgages, a New York bankruptcy judge ruled Thursday.
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 $54 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.
(END) Dow Jones Newswires
March 09, 2018 00:15 ET (05:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.