Bloomberg Wells Fargo & Co. will pay $5.1 million to settle a US regulator’s claims that employees abused clients by persuading them to sell certain investments before maturity, generating large fees for the lender. Brokers with Wells Fargo Advisors, from January 2009 to June 2013, encouraged retail customers to sell market-linked investments meant to be held to maturity so they ...

Bloomberg Irish banks are set to be forced to hold more capital to cope with a future economic downturn, according to a person familiar with the matter. The country’s central bank is leaning towards increasing the so-called counter cyclical capital buffer from zero percent in coming months, according to the person, who asked not to be identified as the information ...

Bloomberg Bank of Japan Governor Haruhiko Kuroda endorsed a Japanese government call for employers to raise wages by 3 percent a year — far faster than the current pace — to help the central bank meet its inflation target. “The government request for 3 percent wage increase is quite appropriate,” Kuroda said during a panel discussion at a European Central ...