News Highlights: Top Financial Services News of the Day
Fidelity Rethinks Its Stock-Picker System After Complaints
Fidelity Investments is rethinking the investment process that made its managers famous after the mutual-fund giant received complaints about alleged sexual harassment and other misconduct.
Anbang's Rescue Is China's Too-Big-to-Fail Moment
A Chinese government takeover of Anbang Insurance Group throws a lifeline to its policyholders-support denied to frustrated clients of some lesser-known financial firms when those companies hit turbulence before ultimately collapsing.
Choppy Markets Grant Hedge Funds Their Wish
Many hedge funds blamed their lackluster performance on central bank interference in markets. As such policies wind down, a turbulent start to 2018 has provided the kind of market conditions some of these funds crave.
Trump's SEC Makes Slow Progress on Trimming Rules
Jay Clayton, President Donald Trump's pick to lead the U.S. Securities and Exchange Commission, can point to a series of small, targeted actions aimed at easing the regulatory burden for companies nearly 10 months into his tenure.
Bank of America Discovers the Buckeye State
Bank of America announced plans Monday to open its first branches in major metropolitan areas in Ohio as part of the bank's consumer unit's years-long expansion.
ECB's Draghi Says Stimulus Still Needed to Lift Inflation
European Central Bank President Mario Draghi on Monday said an ample degree of monetary stimulus remained necessary to lift inflation in the eurozone in line with its target.
Fed's Bullard Sees No Need to Raise Rates 'Substantially' Over Next Two Years
St. Louis Fed President James Bullard said he sees no need to raise the Fed's benchmark interest rate much over the next two years because economic factors holding growth low are unlikely to shift.
Buffett Won't Boycott Gun Makers, 'That Would Be Ridiculous'
Berkshire Hathaway Chief Executive Warren Buffett said it would be "ridiculous" for the conglomerate not to do business with gun makers, noting that he doesn't want to impose his political views on Berkshire's investment decisions or business operations.
Fed's Quarles: Uncertain if Faster Growth Will Lead to Firmer Inflation
The Federal Reserve's Randal Quarles said it "remains to be seen" whether faster economic growth over the next couple of years would lead to firmer inflation.
Deutsche Bank to Go Ahead With DWS IPO
Deutsche Bank plans to go ahead with the listing of its asset-management business DWS at the earliest opportunity, it said.
(END) Dow Jones Newswires
February 26, 2018 16:15 ET (21:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.