Bloomberg The European Central Bank could consider renewing its offer of free long-term liquidity to lenders though it shouldn’t turn it into a permanent measure, a Governing Council member said. Targeted longer-term refinancing operations are “a very practical and very helpful instrument; I would be very flexible regarding that instrument in the future,” Bank of Lithuania Governor Vitas Vasiliauskas ...

  Bloomberg Wells Fargo & Co. fired the head of its consumer credit-card business and three other senior managers as the bank’s board examines how abusive sales practices spread through branches before spiraling into a national scandal last year. Shelley Freeman, the former Los Angeles regional president who went on to run consumer-credit solutions, was terminated, along with Arizona lead ...

  Emirates Business Saxo Bank, the online multi-asset trading and investment specialist, reports on Wednesday the financial markets have started the year strong with a rally in equities leading to a huge rotation of investors moving from bonds to equities which may bring further demand for equities in the coming weeks. However, at a presentation in Dubai, Saxo Bank’s Head ...