Editors' picks for the week include a story on Brighthouse Financial waiting on insurance state regulators to finalize capital reserve standards, and a piece on small business borrowers looking for digital lenders to meet their financing needs.
'Unique confluence' of conditions prompts series of State Farm rate decreases
A series of low-single-digit rate decreases filed by State Farm Mutual Automobile Insurance Co. follows a year in which the group achieved its largest year-over-year improvement in its personal auto loss ratio since 2003.
CEO: Brighthouse waiting for variable annuity reform before returning capital
Brighthouse Financial Inc. is waiting for insurance state regulators to finalize its capital reserve standards for variable annuities before the company returns capital to shareholders, President and CEO Eric Steigerwalt said.
AXA Equitable IPO draws lukewarm response
After pricing below its expected IPO range, AXA Equitable Holdings Inc.'s shares fell further after its debut on the New York Stock Exchange, before regaining ground and finishing the first trading day up slightly.
2018 small business survey shows digital lenders gaining ground
Small business borrowers are increasingly looking to digital lenders to meet their financing needs, according to results of an S&P Global Market Intelligence survey.
New stock exchanges could appear if SEC pilot cuts fee revenue for Cboe, others
An impending SEC pilot could deepen the cracks that have divided U.S. stock trading for more than a decade. Today, stocks and exchange-traded funds can be dealt on any of the 12 U.S. exchanges and more than 30 private trading venues known as dark pools, which handle a sizable portion of trades.