MANILA / Bloomberg The Philippine bank manager who approved fund transfers at the center of an $81 million cyber heist will tell lawmakers in a closed hearing on Thursday that she was following orders from high-level officials at Rizal Commercial Banking Corp., her lawyer said. Maia Santos Deguito has e-mails, mobile-phone messages and other evidence showing that she was acting ...

Bloomberg Wells Fargo & Co., the most valuable US bank, left Chief Executive Officer John Stumpf’s compensation for 2015 unchanged at $19.3 million. Stumpf, 62, received $2.8 million in salary, a $4 million bonus and $12.5 million in long-term equity incentive awards, the San Francisco-based bank said Wednesday in a filing with the US Securities and Exchange Commission. That’s the ...

BLOOMBERG Switzerland’s central bank held interest rates at a record low and repeated its pledge to intervene in currency markets, a threat President Thomas Jordan has used to keep the franc from strengthening. Describing the nation’s currency as “significantly overvalued,” the Swiss National Bank kept its deposit rate at minus 0.75 percent on Thursday, as expected by all economists in ...