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Wells Fargo tie-up that scarred Prudential generated $4mn

  Bloomberg Prudential Financial Inc. said the relationship with Wells Fargo & Co. that led to a whistle-blower lawsuit and state probes over suspected sales abuses generated a tiny fraction of the life insurer’s revenue. “We do not gauge the importance of this matter in financial terms, but for purposes of this call, it’s probably useful to put some financial ...

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NAB sent details of 60,000 customers to wrong email address

  Bloomberg National Australia Bank Ltd., the country’s fourth-largest lender, has written to 60,000 customers to notify them it erroneously sent details about the establishment of their accounts to an incorrect e-mail address. The e-mail included customer information such as names, e-mail addresses and account numbers, though didn’t include any passwords, Peter Coad, NAB executive general manager for international branches, ...

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Eyeing inflation, Russia holds key rate steady

  Moscow / AFP Russia’s central bank held its key interest rate steady at 10 percent, opting to keep inflation in check rather than help jolt the economy out of recession. Inflation risks have subsided and “our medium-term vision has not changed” since the bank last cut the rate in September by half a percentage point, said central bank chief ...

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