Bloomberg Wells Fargo & Co. surprised investors this week by withholding more than $90 million due to buyers of pre-crisis residential mortgage-backed securities (RMBS). The bank said it invoked its right as trustee to hold back funds to cover legal costs. The 20 transactions had a principal balance of $540 million and are among more than 2,000 deals involved in ...

Bloomberg Three of the UK’s biggest banks have stopped trading Qatari riyals as the Gulf state faces sanctions imposed by a Saudi-led coalition of neighboring states. Barclays Plc, Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc (RBS) ceased the sale and buy-back of the Qatari currency for consumers, the banks said. Officials for the banks said the ...

Bloomberg The UK Financial Conduct Authority is setting up interviews with Barclays Plc executives as part of its investigation into Jes Staley’s attempts to unmask a whistle-blower, according to three people with knowledge of the requests. The FCA is planning to interview officials including Mike Ashley, the board member who supervises whistle-blowing complaints and Chief Operating Officer Paul Compton, in ...