News Highlights: Top Financial Services News of the Day - Monday at 11 AM ET

Dow Jones
03-17
 
Klarna Replaces Affirm as Buy-Now-Pay-Later Provider at Walmart 
 

Swedish fintech Klarna will become the exclusive buy-now-pay-later provider at Walmart in the U.S., replacing rival Affirm.

 
Bank of America Tightens Oversight of Junior Bankers' Hours 
 

The financial institution also eliminated around 150 junior investment banking roles last week.

 
Stocks Haven't Traded at These Levels Since September 
 

Market gains that started last fall, when polls showed President Trump taking a narrow lead in the election, have been erased.

 
Investors Were Confident Heading Into 2025. That Was a Bad Sign. 
 

Confidence is framed as a good thing when it comes to the economy, but it's a signal of impending stock market weakness when unusually high.

 
UBS Braces for Most Complex Phase of Credit Suisse Integration 
 

The banking group begins the migration of former Credit Suisse client accounts in Switzerland to the UBS platform in the second quarter.

 
Berkshire Hathaway Raises Stakes in Japanese Trading Houses 
 

National Indemnity, a wholly owned unit of Berkshire Hathaway, said that it increased its stakes in the five trading houses by between 1.0% and 1.7%.

 
Financial Services Roundup: Market Talk 
 

Read about National Australia Bank, Tyro Payments and more in the latest Market Talks covering Financial Services.

 
Silicon Valley Invests in Israeli Startups in Bid for U.S. Defense Market 
 

The Central Intelligence agency is among the investors in Kela, a firm where "techno-warriors" aim to sell directly to the Pentagon.

 
Slumping Stocks Threaten a Pillar of the Economy: Spending by the Wealthy 
 

Consumer spending is highly dependent on the affluent, who are highly dependent on the stock market.

 
In America's Insurance Crisis, Hail Hits Harder Than Hurricanes and Fires 
 

Home insurers are dropping policyholders and raising premiums as the costs of repairing storm damage rises.

 
 

(END) Dow Jones Newswires

March 17, 2025 11:00 ET (15:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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