Bloomberg Wells Fargo & Co. added $1 billion in the third quarter to what it says the bank may face in possible legal expenses. Legal costs could potentially be $3.3 billion more than what the San Francisco-based bank has reserved, Wells Fargo said in a regulatory filing. While that figure was unchanged from the previous three-month period, it constitutes a ...

Bloomberg It was President Donald Trump who dominated the headlines in monetary policy over the past 10 days with his choice of Jerome Powell to chair the US Federal Reserve. Yet the club of central bank chiefs the American is set to join has been making plenty of news. The Fed, now helmed by Janet Yellen, left itself on course ...

Bloomberg Bombardier Inc. will miss this year’s delivery target for its flagship C Series jet as Canada’s biggest aerospace company grapples with engine delays. Customers will receive only 20 to 22 of the new aircraft this year, down from an earlier plan for about 30, Bombardier said in a statement. The Montreal-based planemaker also announced that an unidentified European client ...