Bloomberg HSBC Holdings Plc is sharpening divisions within its investment-banking bonus pool this year, giving more lucrative awards to top performers while slashing compensation for those ranked at the bottom, people familiar with the moves said. The bank is also cutting 100 senior staff at the managing director and director level across both the banking and trading units, reductions ...

  Reuters JPMorgan Chase & Co agreed to pay $55 million to settle a US Justice Department lawsuit accusing it of discriminating against minority borrowers by allowing mortgage brokers to charge them more for home loans, a person familiar with the matter said. The US Justice Department complaint, filed in Manhattan federal court, accused the bank of willfully violating the ...

  Bloomberg The push to bring self-driving cars to American roads got a significant boost when the nation’s chief auto safety regulator essentially cleared Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The US National Highway Traffic Safety Administration found that the owner of a Tesla Motors Inc. Model S sedan that drove itself into the ...