Wells Fargo & Co. is having a hard time pleasing anyone. At its annual investor day, the second-largest US lender by market value lifted the targeted annual savings figure from its cost-cutting program to $4 billion from $2 billion by the end of 2019. The move, which was flagged by analysts after hints from the bank itself, comes after Wells …

Ask Australians what they hate about their big four banks, and you get a familiar litany of complaints. Borrowing rates are too high, and deposit rates too low. Profits — almost A$23 billion ($17 billion) in the most recent fiscal year — are obscenely fat. Slick sales types promote financial products to under-informed punters without disclosing the full risks. Other …

Bloomberg US Homeland Security Secretary John Kelly will meet with European Commission officials in Brussels next week to discuss prohibiting passengers bound for America from carrying laptops and other electronic devices in airliner cabins. Kelly talked with European commissioners Dimitris Avramopoulos and Violeta Bulc. Even though European airports and airlines are preparing for a ban, no action has been announced …