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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

November 19, 2016 by · Leave a Comment 

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and revoked Wells Fargo & Co's right to shield the pay of former executives after a phony-

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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

turnaround-plan

Volkswagen to cut 30,000 jobs

November 19, 2016 by · Leave a Comment 

By Andreas Cremer and Jan Schwartz WOLFSBURG, Germany (Reuters) – Volkswagen and its labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals. …

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Volkswagen to cut 30,000 jobs