Reuters Wells Fargo & Co reported its fourth straight fall in quarterly profit as it set aside funds for potential legal costs amid an increasingly politicized bogus-account scandal that cost Chief Executive and Chairman John Stumpf his job. The bank, which faces numerous federal and state investigations into its practices, said noninterest expenses rose due in part to higher ...

  Bloomberg Deutsche Bank AG may be forced to shrink its US activities as part of a deal to settle litigation over residential mortgage-backed securities with the Department of Justice, German newspaper Welt am Sonntag reported, citing an unidentified person familiar with the discussions. Radical changes to the business model are typical requirements in settlement arrangements with the U.S. government, ...

  Bloomberg Indians, the world’s second-biggest Internet users, were told to expect a decision allowing them to update their Facebook status and send WhatsApp messages from 35,000 feet as early as September. Instead, they’ve been kept in a holding pattern because of security concerns. Delays gaining regulatory approval for Wi-Fi in Indian airspace aren’t dissuading satellite operator Inmarsat Plc, which ...