News Highlights: Top Financial Services News of the Day
Expedia Picks AIG to Sell Travel Insurance on its Websites
American International Group said it has been selected to sell travel insurance to customers of Expedia's websites, part of AIG's larger effort to earn more revenue from consumers.
Why Private Equity Stocks Are Laggards of Finance
Private equity giants like Blackstone and KKR have been hugely successful at taking a bigger bite of the investing world. But much to their founders' consternation, their publicly listed shares fail to fully reflect this.
Bank of Korea Chief Appointed to Second Term
South Korean President Moon Jae-in has reappointed Bank of Korea Governor Lee Ju-yeol to the post, indicating there will likely be no dramatic shift in monetary policy in the near term.
Kuroda Jolts Markets With First Reference to Exit Timing
The Bank of Japan will likely start considering an exit from its aggressive monetary easing beginning as early as next year, Gov. Haruhiko Kuroda said.
Volatility Is Back but Volatility Funds Are Duller
Volatility is back in the stock market, but the investments that imploded spectacularly in February are gone except for one survivor. That fund is now a much tamer version of its former self.
White House Prepares to Nominate Clarida as Fed No. 2
President Donald Trump is likely to nominate Columbia University economist Richard Clarida to become vice chairman of the Federal Reserve Board, according to people familiar with the matter.
Check Your Withholding Math or Risk a Painful Tax Shock
The tax overhaul has probably given your paycheck a welcome bump. Now it's important to check your withholding-or risk a bad tax surprise in a year.
Blackstone Chief Schwarzman Reaped $800 Million in 2017
The haul is one of the largest paydays ever at a publicly traded company and underscores the ascendancy of firms that manage private investment funds for institutions and the wealthy.
Nasdaq Sues IEX Over Stock-Exchange Technology Patents
Nasdaq Inc. is suing stock-exchange operator IEX Group Inc. for alleged patent infringement, dealing a potential setback to an upstart that is trying to challenge larger rivals.
MetLife Revises 2017 Earnings After Another Mistake
MetLife disclosed that it revised its 2017 earnings upward after discovering it had previously miscalculated reserves for a retirement-savings product in Japan, raising new questions about the insurance giant's internal controls.
(END) Dow Jones Newswires
March 02, 2018 11:15 ET (16:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.