Wells Fargo picks four directors for sales scandal probe: source
(Reuters) – Wells Fargo & Co Chairman Stephen Sanger and Vice Chair Elizabeth Duke have been named to a four-member committee that will lead an internal investigation into the bank’s recent sales scandal, a person familiar with the matter said on Thursday.
U.S. SEC enforcement chief Ceresney to depart at year-end
WASHINGTON (Reuters) – Andrew Ceresney, the U.S. Securities and Exchange Commission’s Wall Street policeman, will leave the agency at the end of December, joining other top officials who are departing before Donald Trump is sworn in as president in Jan…
Wife of billionaire Pimco co-founder Bill Gross files for divorce
NEW YORK (Reuters) – The wife of Pacific Investment Management Co co-founder Bill Gross is seeking a divorce after 31 years of marriage.
Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says
NEW YORK (Reuters) – Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday.
Jho Low family dealt setback in move to claim assets in 1MDB probe
(Reuters) – Relatives of a Malaysian financier at the center of the 1MDB fund scandal were dealt a setback in their efforts to claim assets seized by the U.S. government when a federal judge denied a motion that would have given them time to try their …
DuPont CEO Breen says Trump win unlikely to impact Dow deal
BOSTON (Reuters) – Dupont Chief Executive Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company’s planned merger with rival Dow Chemical.
BNY Mellon’s payment woes its second big tech glitch in 18 months
BOSTON (Reuters) – A payment processing glitch at BNY Mellon Corp this week should not be a surprise as executives inside the world’s largest custody bank recently highlighted a number of problems with the daily task of moving trillions of dollars aro…
Wall Street again marks new highs in post-election run
(Reuters) – Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.
Daimler to become 2016’s biggest luxury car maker – CEO
FRANKFURT (Reuters) – German carmaker Daimler is to become this year’s biggest and most profitable luxury car maker, its chief executive said on Thursday.
China’s Fujian drops Aixtron bid after Obama blocks deal
FRANKFURT (Reuters) – China’s Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company’s future into doubt.
