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Wells Fargo fires managers over account scam

  Bloomberg Wells Fargo & Co. fired the head of its consumer credit-card business and three other senior managers as the bank’s board examines how abusive sales practices spread through branches before spiraling into a national scandal last year. Shelley Freeman, the former Los Angeles regional president who went on to run consumer-credit solutions, was terminated, along with Arizona lead ...

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‘Uncertainty, fear may challenge financial markets’

  Emirates Business Saxo Bank, the online multi-asset trading and investment specialist, reports on Wednesday the financial markets have started the year strong with a rally in equities leading to a huge rotation of investors moving from bonds to equities which may bring further demand for equities in the coming weeks. However, at a presentation in Dubai, Saxo Bank’s Head ...

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Robot traders make a mark in European stock scene

  Bloomberg A London-based stock exchange that was on the ropes a year ago is getting a lifeline from algorithmic traders drawn to its efforts to blunt the advantages of raw speed. Though still small, Aquis Exchange Ltd. has seen its share of European trading more than double in the past year. Part of the reason is firms like XTX ...

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