Wells Fargo’s corporate bank struggles to regain footing
Wells Fargo & Co’s corporate bank has a revenue problem.
Commerzbank cuts pay of top managers in contrast with Deutsche
Commerzbank’s chief executive officer took a 32 percent pay cut in 2018, according to the bank’s annual report on Wednesday, in sharp contrast to hefty pay increases for the top management at Deutsche Bank.
Swedish economic crimes authority carries out search at Swedbank headquarters
Sweden’s Economic Crime Authority is carrying out a search at Swedbank’s head office in relation to an ongoing investigation into whether the bank breached insider trading regulations, the authority said on Wednesday.
Commerzbank CEO, board took a pay cut in 2018
Commerzbank’s chief executive officer took a 32 percent pay cut in 2018, according to the bank’s annual report on Wednesday, in sharp contrast to hefty pay increases for the top management at Deutsche Bank.
Health insurer Centene to buy smaller rival WellCare for $15.27 billion
U.S. health insurer Centene Corp confirmed on Wednesday that it would buy WellCare Health Plans Inc in a cash-and-stock deal to bulk up its government-backed healthcare business, valuing its smaller rival at $15.27 billion.
Swedbank may have misled U.S. over client links to Panama Papers: Swedish TV
Swedbank may have withheld information from U.S. authorities over suspicious financial transactions, Swedish Television said on Wednesday, adding to pressure on the bank which is under investigation over money laundering allegations.
Stocks flat, bond yields lower, all eyes on central banks
Global equity markets were flat on Wednesday, hoping central bank action in the world’s biggest economies could temper some of the slowdown in world growth, even though bond yields continued to flag recessionary fears.
VW to improve production with Amazon cloud to network its factories
Volkswagen on Wednesday said it has teamed up with Amazon Web Services to link up and integrate the data from 122 VW Group plants, machines and systems, as a way to improve its production systems and processes.
German court rejects second investor group action against Volkswagen and Porsche SE on diesel scandal
A German court on Wednesday said it won’t allow a second investor group action against Volkswagen AG and its controlling shareholder, Porsche SE, for allegedly failing to inform investors about the Diesel scandal in 2015.
Swedbank may have misled U.S. over clients’ links to Panama Papers scandal: Swedish TV
Swedish lender Swedbank, under pressure over allegations its Estonia operations may have been used to launder money, may have withheld information from U.S. authorities over suspicious financial transactions, Swedish Television said on Wednesday.
