Barclays has agreed to sell a portfolio of salary secured loans, worth around £260m, in Italy to IBL Banca.
France's President Francois Hollande has accused the US of double standards in throwing multi-billion euro fines at European banks while complaining about European Commission investigations into US companies.
Tim Sloan was elected Wells Fargo's new CEO late Wednesday after former CEO John Stumpf retired.
The embattled boss of Wells Fargo, John Stumpf has quit his post, effective immediately.
John Stumpf still needs to do more to make reparations, Sen. Elizabeth Warren tweeted on Wednesday.
Shares of Wells Fargo spiked 2 percent in after-hours trade Wednesday, following its announcement that Chairman and CEO John Stumpf will retire.
Wells Fargo’s chief executive and chairman, John Stumpf, is retiring effective immediately from both the bank and the board in the wake of the scandal over its sales practices.
Fighting back ?
Harassment, intimidation, even bathroom breaks said to be denied.
Steven A. Cohen is boosting the bonuses he pays to the top traders managing his $11bn family fortune, but only if they beat the market.
Global bank executives are softening their warnings that the U.K.’s looming withdrawal from the European Union will spur an imminent exodus of staff from London.
The Stanford Graduate School of Business's 2016 employment report shows record-breaking salaries for its MBA graduates, Poets & Quants reported.
Wells Fargo said retail customers opened 44% fewer new accounts in October from a year earlier in the wake of the bank’s record-setting settlement with regulators over its cross-selling scandal.