Bloomberg Wells Fargo & Co was handed a fresh regulatory action and a $250 million fine over its lack of progress addressing long-standing problems, the first such sanction under Chief Executive Officer (CEO) Charlie Scharf. The penalty adds to the more than $5 billion in fines and legal settlements that the firm has paid over the last five years tied ...

Bloomberg Standard Chartered Plc (StanChart) opened a desk to trade natural gas and carbon following a record-breaking run for both commodities. The so-called energy transition desk began operating last month, Standard Chartered said. Prices for gas have soared on a lack of supply, with carbon permits following suit as utilities switch to cheaper — but dirtier — coal-fed power plants. ...

Bloomberg Deutsche Bank AG has just completed its first green repurchase agreement, marking another foray into a world of increasingly complex ESG instruments. It’s the latest example of product proliferation in a market that’s moving much faster than regulators. JPMorgan Chase & Co. has already said it plans to attach environmental, social and governance labels to all forms of finance, ...