Bloomberg At Wells Fargo & Co.’s town hall meetings, executives have fielded countless questions from employees about efforts to resolve scandals that erupted almost three years ago. One looming topic hasn’t come up recently: Who will run the bank? While the abrupt exit of Chief Executive Officer Tim Sloan in March kicked off a succession hunt that’s captivated the industry, ...

Bloomberg Norway’s $1 trillion wealth fund ended a long-running bet on higher interest rates as market turmoil drove a quarter of its massive bond portfolio into yields below zero. After presenting second-quarter earnings in Oslo on Wednesday, Norges Bank Investment Management’s Deputy Chief Executive Officer Trond Grande said the fund is now no longer short duration compared to its benchmark, ...

Bloomberg Goldman Sachs Group Inc. economists predict Federal Reserve officials will cut interest rates at each of their next two meetings — in part because of a desire to keep bond markets calm. Having lowered their benchmark rate by 25 basis points to 2-2.25% in July, policy makers will execute reductions of the same size in September and October with ...