Wells Fargo & Co. has launched a series of advertisements meant to rebuild trust with customers. But the ads, to pull an image from Wells Fargo’s long-ago campaigns, are putting the wagon before the horse. Evidence of that is piling up. The Wall Street Journal reported that Wells Fargo recently discovered that employees were improperly altering the documents of business ...

The long-awaited marriage of Standard Chartered Plc is a story of three decades of yearning that’s never found consummation. The latest potential suitor is Barclays Plc, which is reported by the Financial Times to be exploring a merger of StanChart. London-listed Barclays isn’t considering a possible deal, Reuters reported, citing two people close to the lender. In the event of ...

Bloomberg Boeing Co.-backed startup Zunum Aero plans to deliver its first hybrid-electric plane in 2022 to JetSuite Inc., setting the stage for a new era in regional flying. JetSuite, a small charter airline with plans to expand a commercial operation nationally, eventually will receive as many as 100 aircraft that seat up to 12 passengers each, Zunum co-founder Matt Knapp ...

Bloomberg Apple Inc. manufacturing partner Taiwan Semiconductor Manufacturing Co. has started mass production of next-generation processors for new iPhones launching later this year, according to people familiar with the matter. The processor, likely to be called the A12 chip, will use a 7-nanometer design that can be smaller, faster and more efficient than the 10-nanometer chips in current Apple devices ...

Bloomberg Uber Technologies Inc. will open its first research and development centre outside of the US, and has chosen Paris as its home. The ride-hailing company will invest $23.5 million over the next five years in the lab, which will focus on technologies to support the development of Uber’s flying-car initiative, dubbed Uber Elevate, it said. “With world-class engineers and ...

Bloomberg Apple Inc. and Volkswagen AG struck a deal late last year that let the technology giant equip VW vans with self-driving technology to transport Apple employees between offices within the next year, according to a person familiar with the matter. The agreement is part of an internal Apple programme called Project Titan that started in 2015 as an ambitious ...

Bloomberg Amazon.com Inc. drew the ire of the American Civil Liberties Union (ACLU) over a facial-recognition system offered to law-enforcement agencies that the advocacy group says can be used to violate civil rights. In marketing materials obtained by the group, Amazon Web Services said its Rekognition system uses artificial intelligence to quickly identify people in photos and videos, enabling law ...

Bloomberg European Union finance ministers gave the green light to an overhaul of the bloc’s banking laws, paving the way for long-planned steps towards closer integration of the euro area’s financial system. The update, first proposed in late 2016, incorporates capital and liquidity standards set by the Basel Committee on Banking Supervision. It also sets new requirements for loss-absorbing liabilities ...

Bloomberg HSBC Holdings Plc is continuing a hiring spree for its equities business in the Asia-Pacific region, recruiting executives from firms including Deutsche Bank AG and Citigroup Inc., according to people familiar with the matter. HSBC has hired Deutsche Bank’s Isabella Kwok as a managing director for Asian equity sales with a China focus, the people said, asking not to ...

Bloomberg Global central bankers made a concerted call for their independence from politics to be safeguarded, arguing government interference in mone-tary policy risked propelling inflation. With Turkey engulfed by a currency crisis partly driven by political efforts to influence interest rates, Federal Reserve Chairman Jerome Powell told a conference in Stockholm that he and counterparts shouldn’t take their independence for ...