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EU set to take action as UK plans to override Brexit deal

Bloomberg The UK is making last-minute tweaks to planned legislation to override a portion of its Brexit deal, as the European Union prepares to relaunch legal proceedings as part of the bloc’s response to the move. The EU has drawn up a draft statement to follow a UK move, emphasizing a calm response and reiterating the need to return to ...

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Credit Suisse taps brakes on China growth, delays local bank

  Bloomberg Credit Suisse Group AG is tapping the brakes on its China expansion, postponing its biggest mainland project, in a sign that weakness in Asia’s largest economy is prompting global banks to temper ambitious growth plans. The Zurich-based lender has delayed the targeted launch of its locally incorporated bank by a year to 2024, the second postponement since the ...

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Wells Fargo declines on report of probe into fake interviews

  Bloomberg Wells Fargo & Co shares declined after a report that the bank is the target of a criminal investigation into whether it violated federal law by conducting fake job interviews of minority candidates to satisfy in-house diversity guidelines. The San Francisco-based firm is being investigated by the civil-rights unit of the Manhattan US attorney’s office, the New York ...

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