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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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UK’s biggest lenders are no longer too big to fail, says BOE

  Bloomberg The Bank of England (BOE) has concluded that emergency planning at the UK’s biggest banks means none should require a public bailout in event of a crisis. The central bank’s long-awaited response to the self-assessments of eight lenders, including HSBC Holdings Plc and Barclays Plc, found that their internal systems should avert the kind of state intervention needed ...

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BOJ to stand pat unless yen breaches 140: Economists

Bloomberg The Bank of Japan (BOJ) is expected to hold firm next week with expectations of policy adjustments this year weakening among economists unless the yen breaches the 140 mark against the dollar. All but one of 45 analysts said the bank will leave its yield curve control program and asset purchases untouched at the conclusion of a two-day meeting ...

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