problems

Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

The company has been hit hard by allegations that its staff opened more than 2 million bank accounts and credit cards for customers without their consent to meet internal sales goals. Chief Executive John Stumpf apologized on Tuesday and said the management takes responsibility for the problems identified in the settlement. Although the bank eliminated sales goals for retail staff, Stumpf said “cross-selling” products from various businesses

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Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

problems

Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

The company has been hit hard by allegations that its staff opened more than 2 million bank accounts and credit cards for customers without their consent to meet internal sales goals. Chief Executive John Stumpf apologized on Tuesday and said the management takes responsibility for the problems identified in the settlement. Although the bank eliminated sales goals for retail staff, Stumpf said “cross-selling” products from various businesses to customers is still important to growing its business.

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Federal prosecutors investigate Wells Fargo’s sales practices: WSJ

problems

Deutsche Boerse CEO touts LSE merger, saying ‘size is everything’

FRANKFURT (Reuters) – Deutsche Boerse's planned $30 billion merger with LSE Group is on track for completion late this year or in early 2017, the German exchange operator's Chief Executive Carsten Kengeter said on Wednesday.

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Deutsche Boerse CEO touts LSE merger, saying ‘size is everything’

problems

Stuck with dangerous dollar dominance

By Mike Dolan LONDON (Reuters) – The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside…

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Stuck with dangerous dollar dominance

problems

How the oil collapse stole Russia’s Christmas

LONDON/MOSCOW (Reuters) – A plunge in the oil price to 12-year lows during Russia's New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line. Crude's collapse from $100 a barrel since mid-2014 has already pummeled Russia, which relies

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How the oil collapse stole Russia’s Christmas