Financial Services

Australian bank charges dead client service fee for a decade

Apr 19, 2018

An Australian government inquiry has heard that financial advisers working for Australia's largest bank continued charging clients service fees after they died _ in one case for more than a decade

Willingness to fix euro's flaws is fading fast

Apr 19, 2018

When Angela Merkel was finally re-elected as Germany's leader in March, the way looked open for Europe's leaders to patch the cracks in the shared euro currency _ flaws that threatened to break the euro apart in 2010-12

American Express 1Q profits rise 31 percent, helped by taxes

Apr 18, 2018

Credit card giant American Express says it had the second-highest quarterly profit in its history last quarter, driven by strong customer spending on its namesake credit cards and a much lower tax bill

Tradeoff: No cash but faster lines as restaurants forgo cash

Apr 18, 2018

A small but growing number of restaurants are cashless, telling customers they can pay by credit or debit cards or smartphones, but not bills or coins

GOP's regulatory fight goes to another level over car loans

Apr 18, 2018

The Republican-led Congress is poised to undo guidance a consumer protection agency issued five years ago to help ensure minority car buyers aren't charged higher interest rates.

Judge: Convicted swindler won't have to pay restitution

Apr 18, 2018

A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won't have to repay the money as originally ordered

Morgan Stanley posts record 1Q profit, helped by trading

Apr 18, 2018

Investment bank Morgan Stanley posts record profit in the first quarter, helped by a lower tax bill and a boost in revenue from last quarter's volatile markets.

IMF: A major trade rift could imperil solid global economy

Apr 17, 2018

IMF, on eve of meetings, foresees bright outlook for US and global economies this year

Correction: Spring Storm-Stranded Vacationers story

Apr 17, 2018

Correction: Spring Storm-Stranded Vacationers story

UnitedHealth hikes 2018 forecast, books another big 1Q gain

Apr 17, 2018

UnitedHealth chased a 35 percent profit hike in last year's first quarter with a 30 percent jump in the first three months of 2018, as the nation's largest health insurer added more than 2 million customers and improved its business outside insurance.

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