Bloomberg A key environmental council approved a permit, clearing the way for Samarco Mineracao SA to resume operations at its iron-ore mine in second half of 2020. Ten of the 12 members of Minas Gerais state environmental council, known as Copam, voted in favor of an operational corrective license for the mine. Executives at Vale SA, which has a 50% …

Bloomberg Nordea Bank Abp is planning to allocate a lot less capital to its wholesale unit after acknowledging its performance has been “unsatisfactory.” The cuts will form a key plank in a strategy shift conceived by the bank’s new chief executive, Frank Vang-Jensen. After less than two months on the job, he’s made clear he wants to squeeze much deeper …

Bloomberg Sam Kendall, a senior UBS Group AG executive who until recently oversaw its investment-banking arm in the Americas, is leaving the firm to pursue other interests, according to people with knowledge of the matter. Erica Chase, a representative for the bank, declined to comment. A UBS employee for more than two decades, Kendall last year assumed oversight of the …