March 7, 2019

GE says its reserves are enough, seeking premium increases

General Electric Co said on Thursday it believed its current reserves for long-term care insurance policies were sufficient and that it was looking to further reduce […]
March 7, 2019

Kroger’s $3 billion splurge hits profit outlook, shares slide

Kroger Co projected annual profit below Wall Street estimates on Thursday, as the grocer spends billions of dollars on modernizing its stores and delivery to compete […]
March 7, 2019

Wall Street dips at open after ECB decision

U.S. stocks opened slightly lower on Thursday led by financial stocks as investors digested the European Central Bank’s move to push out its first post-crisis rate […]
March 7, 2019

Scandals turn compliance staff into ‘rock stars’ of Nordic banking

Compliance and anti-money laundering staff are in hot demand in the Nordic financial sector following tougher regulations and a string of scandals involving the region’s top […]
March 7, 2019

ECB pushes out rate hike, offers cheap cash to banks

The European Central Bank changed tack on its tightening plan on Thursday, pushed out the timing of its first post-crisis rate hike until 2020 at the […]
March 7, 2019

ECB to appoint banking watchdog vice chair ‘in coming weeks’: Draghi

The European Central Bank will appoint someone to become the euro zone’s second-most senior banking watchdog “in the coming weeks”, ECB President Mario Draghi said on […]
March 7, 2019

ECB cuts growth, inflation forecasts

The European Central Bank slashed its growth and inflation forecasts for 2019 and lowered those for 2020 and 2021 on Thursday, acknowledging that Europe’s slowdown was […]
March 7, 2019

SoftBank extends tech reach with $5 billion LatAm fund

Japan’s SoftBank Group is launching a $5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping up its tech ambitions […]
March 7, 2019

Wall Street set for slightly higher open after ECB pushes out rate hike

Wall Street was set to eke out gains at the open on Thursday after the European Central Bank kept its interest rates unchanged, pushed out its […]
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