Bloomberg Wells Fargo & Co. combined corporate payments and some consumer-banking operations with the technology-innovations group, creating a unit run by the former leader of consumer lending, Avid Modjtabai. As head of the Payments, Virtual Solutions and Innovation unit, Modjtabai will report to Chief Operating Officer Tim Sloan, according to a statement Monday from the San Francisco-based bank that ...

  Bloomberg Less than a week after raising $3 billion in a private debt sale, Deutsche Bank AG returned for another $1.5 billion, offering a yield premium twice what it paid to borrow a year ago. The German lender sold the debt to mostly the same investors who bought last week’s offering at a slightly lower premium of 290 basis ...

  Bloomberg There’s no need at the moment for tighter monetary policy in Romania because the economy is experiencing the “best macroeconomic picture” since the collapse of communism and growth hasn’t become unsustainable, central bank Deputy Governor Liviu Voinea said. The consumer-led expansion in the European Union’s second-poorest member isn’t showing signs of overheating, recording a positive output gap — ...