Financial Services

Missouri measure would limit insurance company payouts

Apr 2, 2018

A bill on Gov. Eric Greitens' desk would limit how much money insurance companies would have to pay after accidents

Barclays to pay $2 billion to US to settle mortgage suit

Mar 29, 2018

Barclays to pay $2 billion to settle fraud claims over its sale of residential mortgage-backed securities

Blackstone Group CEO donates $25M, gets name on high school

Mar 29, 2018

A Pennsylvania school board has approved a plan to rename a public high school after Blackstone Group CEO Stephen Schwarzman, an alumnus who is donating $25 million to the school

1Q Fund Review: Pain makes a comeback

Mar 29, 2018

After a years-long stretch when most mutual funds and exchange-traded funds powered higher quarter after quarter, investors are rediscovering the pain of volatility

Good driver, poor credit: What makes your car costs so high

Mar 29, 2018

For car owners, having poor credit can mean pricier loans and higher insurance premiums

Chinese state TV shows insurance tycoon admitting guilt

Mar 29, 2018

Chinese state TV has shown the founder of the insurance company that owns New York City's Waldorf Hotel confession his guilt at a trial on fraud and other charges

Germany cuts debt load as bad bank burden shrinks

Mar 29, 2018

Germany has cut its debt load thanks to a strong economy and the diminishing burden of bailing out banks during the financial crisis

On the Money: Robots predict how you'll spend your points

Mar 28, 2018

Credit card companies using artificial intelligence software to convince customers to use their credit card points in a certain way, be it redeeming their points for travel, dining, shopping or gift cards

Equifax hires financial executive Mark Begor as new CEO

Mar 28, 2018

Equifax appoints Mark Begor as its CEO as the credit reporting company continues to try to recover from fallout surrounding a massive data breach

Chinese insurance tycoon on trial on financial charges

Mar 28, 2018

The founder of the Chinese insurer that owns New York City's Waldorf Hotel is on trial on charges he fraudulently raised $10 billion from investors and abused his position to enrich himself

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