Finance
Trump picks loyalists for economic posts, Obamacare critic for cabinet
NEW YORK President-elect Donald Trump on Tuesday chose a former Goldman Sachs banker and a billionaire investor to steer economic policy in his administration and a fierce Obamacare critic to dismantle President Barack Obama's signature heathcare program. | Video
Factbox: Trump fills top jobs for his administration
U.S. President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary and billionaire investor Wilbur Ross to head the Commerce Department, according to Republican sources.
State treasurers renew call for independent chair at Wells Fargo
Investors, including the state treasurers of Connecticut and Illinois, called on Wells Fargo & Co to require an independent board chair, saying the bank needs stronger oversight in the wake of a scandal over fake customer accounts.
StanChart to cut 10 percent of corporate, institutional banking staff: sources
SINGAPORE/HONG KONG Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs. | Video
Warren slams Wells Fargo over arbitration position
NEW YORK Massachusetts Democratic Senator Elizabeth Warren on Monday criticized Wells Fargo & Co's decision to require customers affected by its unauthorized accounts scandal to go through arbitration rather than allowing them to sue.
Citigroup 'boys' club' disfavors women, lawsuit claims
NEW YORK A former Citigroup Inc financial adviser on Monday filed a lawsuit accusing the bank of running a "boys' club" that favored men over women, treating her as a "glorified secretary," and firing her in retaliation for whistleblowing activity.
Three former Barclays traders denied Libor appeal request
LONDON Three former Barclays traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday.
Wells Fargo employees sue over funds in retirement plans
Wells Fargo & Co faces a new U.S. lawsuit claiming that it funneled more than $3 billion of employee retirement savings into expensive, underperforming proprietary mutual funds to enrich itself.
Three bidders left in the race for UniCredit's Pioneer: sources
MILAN France's Amundi has submitted the highest offer to buy Italian UniCredit's asset manager, Pioneer, while a consortium led by Poste Italiane and Ameriprise Financial are scrambling to stay in the race, three sources close to the matter said on Friday.
Wells Fargo asks U.S. court to dismiss account scandal lawsuit
NEW YORK Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents.
