US regulator knocks its own handling of Wells Fargo sales scandal

Wells Fargo and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to a regulator’s review of the scandal. Bank examiners “failed to follow-up on significant...

US regulator knocks its own handling of Wells Fargo sales scandal

Wells Fargo and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to a regulator’s review of the scandal. Bank examiners “failed to follow-up on significant...

Fed should shed bonds soon, keep hiking rates: Rosengren

The U.S. Federal Reserve should begin shedding its bond holdings soon but do so in a very gradual way that has little effect on its planned interest rate hikes, Boston Fed President Eric Rosengren said on Wednesday. The comments reinforced the central bank’s...

Trump’s inaugural committee raised a record $106.7 million — here’s who donated

Major corporations and business titans fueled a record fundraising haul for President Donald Trump’s inauguration in January, according to newly released disclosures. The president’s inaugural committee raised $106.7 million, about double what was raised...

Turkish assets are investable, but analysts warn of concerns ahead

Turkey’s ISE National 100 stock market closed at 91,374 after the result, though it is currently trading below 90,900. Year to date, it is up around 16 percent. Meanwhile, the Turkish lira made some gains against the dollar in the run-up to the referendum and...

Ignore the short term noise from the UK election, say investment advisors

The U.K. currency is currently trading around $1.285, levels not seen since October. While May’s announcement came as a surprise, many expect her Conservative party to win, according to Tom Stevenson, investment director for personal investing at Fidelity...