Bloomberg Wells Fargo & Co. is exploring the sale of its asset-management unit as the biggest banks choose paths of diving deeper into the business or getting out. The Wells Fargo unit could fetch more than $3 billion, according to a person briefed on the matter, who said the bank began discussing a possible deal with other asset managers and ...

Bloomberg Barclays Plc Chief Executive Officer (CEO) Jes Staley’s drive to make investment banking the centerpiece of his strategy paid off in the third quarter, with equities trading in a volatile market beating the bank’s Wall Street peers. The shares approached a two-month high. The London-based bank’s equity trading income jumped 40% and foreign-exchange, rates and credit trading rises 23%, ...

Bloomberg The Riksbank governor, Stefan Ingves, fears the economic outlook is deteriorating amid signs the coronavirus pandemic is tightening its grip across Europe, and ensnaring Sweden again too. “If you look at our forecasts, it will take a few years before GDP is back” at pre-crisis levels, Ingves said in an interview in Stockholm. “And those forecasts were done before ...