Bloomberg Wells Fargo & Co. must pay $97 million to home mortgage consultants and private mortgage bankers in California who didn’t get the breaks they were entitled to under the state’s stringent labor laws. A federal judge in Los Angeles agreed with the bankers and consultants that the money they were entitled to should be based not just on their ...

Bloomberg New Zealand’s central bank held interest rates at a record low and left the door open to a cut as inflation remains subdued. Reserve Bank Governor Adrian Orr kept the official cash rate at 1.75 percent and said it would remain there “for some time to come.” The RBNZ pushed out its forecast for the first OCR increase to ...

Bloomberg Bank of Japan board members discussed the need for policy sustainability and strengthened commitment to reaching its 2 percent inflation goal during its April 26-27 policy meeting, when it removed language about when it expected to hit that target. A summary of opinions from that meeting indicate that the BOJ looks set to continue on its current course following ...