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Wells Fargo new chief gets off to tricky start

Bloomberg Square Mile Relay

Tim Sloan had a rocky Wall Street debut as Wells Fargo’s chief executive officer, announcing a drop in profit and frustrating analysts hungry for information on the consumer banking scandal that prompted his appointment.

Citi merging units

Citi Building Canary Wharf

Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.

TD and RBC beat the Street

Smile Aleksandra P

Toronto-Dominion Bank and Royal Bank of Canada posted second-quarter results that beat analysts’ estimates as gains from consumer banking and wealth management lifted earnings.

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Bloomberg Square Mile Relay

Wells Fargo new chief gets off to tricky start

Tim Sloan had a rocky Wall Street debut as Wells Fargo’s chief executive officer, announcing a drop in profit and frustrating analysts hungry for information on the consumer banking scandal that prompted his appointment.

Citi Building Canary Wharf

Citi merging units

Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.