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Richard Branson denies being a tax exile

Richard Branson

Sir Richard Branson makes great play of wrapping himself in patriotic trappings to promote his businesses, but Britain's best-known entrepreneur on Sunday revealed he had been living as a tax exile for the last seven years after moving his main residence to a private Caribbean island.

Wells Fargo profits rise amidst concerns

Question Mark

Profit at Wells Fargo rose by a better-than-expected 13% in the third quarter, as the mortgage lender made up for a decline in that business by releasing a large chunk of money set aside for bad loans.