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Wells Fargo admits to problems with ethics hotline

Telephone

Wells Fargo Chief Executive Timothy Sloan said during a town-hall meeting Thursday that the bank found "some instances" where reports by employees of bad behaviour to its ethics line weren't handled appropriately, according to remarks reviewed by The Wall Street Journal.

UBS has best day since 2011

UBS building

European banks got a second-day boost after Donald Trump’s presidential win on speculation his term will lead to increased inflation and an easing of financial rules.

Facebook makes 13 attempts to clone Snapchat. Lucky for some?

Snapchat

Stop me if you think you’ve heard this one before: Facebook has released a Snapchat clone. The new standalone app offers ephemeral picture and video messaging, as well as the all-important AR lenses – sorry, “masks” – and is particularly targeted at users in emerging markets.

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