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Wells Fargo comes in for more criticism

Wells Fargo Building

Massachusetts Democratic Senator Elizabeth Warren on Monday criticized Wells Fargo's decision to require customers affected by its unauthorised accounts scandal to go through arbitration rather than allowing them to sue.

Goldman said exonerates $250m trader

Goldman Sachs Blink

Goldman Sachs has conducted an internal review of transactions made by an employee who generated $250m trading junk bonds, finding that they didn’t violate a ban on buying and selling for the bank’s own account, according to people with knowledge of the firm’s actions.

Banks face post-Brexit property risk

European Flag

Falling commercial real estate prices after the U.K.’s vote to leave the European Union pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said.

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