Betty Liu reports Wednesday's top headlines.
Arsenal's chief executive has apologised to supporters.
European Union finance ministers moved closer to an agreement on a single euro-area bank supervisor that could give the European Central Bank more time to take on its expanded oversight role.
Pep Guardiola has his sights set on Arsenal if the North London club decide to part ways with Arsene Wenger according to a source close to the coach.
Societe Generale has announced the appointment of Isabelle Guillou as Global Head of Audit.
David J. Sullivan has been named Insurance Practice Head for Northern Trust in the Americas.
Warren Gatland has said the decision not to include his Wales colleague Shaun Edwards among the coaches for next summer's British and Irish Lions tour was the "most difficult" of his career.