News Highlights: Top Financial Services News of the Day
Tax Changes, Wildfires Push AIG to $6.7 Billion Loss
American International Group posted a higher fourth-quarter loss as the global insurance conglomerate was affected by the wildfires in California last year and took a $6.7 billion hit from recent U.S. tax law changes.
BlackRock's New Ambition Is a Sign of Froth
BlackRock sees an opening in the massive amount of money looking for a home, but that should worry investors.
Star Guggenheim Money Manager Goes on Medical Leave
Guggenheim Partners LP said it has placed James Michal, a senior managing director with its investment-management division, on medical leave.
KKR Profit Declines; Firm Evaluating Change of Corporate Structure
KKR & Co.'s fourth-quarter profit fell as it faced a higher-than-expected provision for income taxes. The firm said it is weighing whether to change its corporate structure on the heels of the new tax law.
TD Ameritrade to Allow Trading via Twitter
TD Ameritrade is letting customers initialize trades over Twitter, the latest attempt by the discount brokerage to attract digitally savvy and younger investors.
Lenders to Allow Airbnb Income on Mortgage Applications
Homeowners soon will be able to count income they earn from Airbnb Inc. rentals on applications for refinance loans.
Facebook Co-Founder Saverin's B Capital Closes Venture Fund
B Capital Group, co-led by Facebook co-founder Eduardo Saverin, has closed on $360 million for its first venture capital fund.
Fintech Firms Look to Enter Banking Via Century-Old Tactic
Financial-technology firms eager to offer banking products are eyeing industrial loan company charters, a century-old model that fell out of favor during the financial crisis but could see a revival under the Trump administration.
What Tech Giant SoftBank Wants With Boring Old Reinsurer
The idea of a Japanese tech company spending $10 billion on a stake in a reinsurer sounds crazy, but when you think about Softbank's pursuit of Swiss Re, it starts to make frighteningly good sense.
Societe Generale Profit Slides But Tops Expectations
Societe Generale said its fourth-quarter net profit fell significantly, hit by one-off items, but surpassed the loss expected by analysts.
(END) Dow Jones Newswires
February 09, 2018 00:15 ET (05:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.