Thursday , 1 January 2026

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Wells Fargo regulator not satisfied with its auto-lending response

Bloomberg Wells Fargo & Co. hasn’t yet satisfied one of the regulators responsible for deciding whether the bank is properly reimbursing customers who might have been harmed by recent scandals involving its auto-lending and mortgage businesses. “We are not comfortable where we are with them,” Joseph Otting, chief of the Office of the Comptroller of the Currency, told senators at …

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Danske in historic management shift after 6 top people leave

Bloomberg As Danske Bank A/S struggles through its worst crisis this century, it’s also undergoing an historic shift in its upper ranks. Denmark’s biggest bank has lost six of its highest-ranking people since December, including its chief executive officer, its chief financial officer, its general counsel and its heads of international banking and wealth management. The bank’s chairman has signaled …

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Delta sees $30mn hit on Hurricane Florence flight cancellations

Bloomberg Delta Air Lines Inc. is taking a $30 million blow from Hurricane Florence. The hit to pretax earnings amounted to a 0.5 percentage point drag on total revenue for each seat flown a mile last quarter, the Atlanta-based airline said in a statement. The closely followed financial gauge probably climbed about 4 percent to 4.5 percent last quarter, the …

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