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Bulgarian PM faces ouster bid as protests intensify

Bloomberg Bulgaria’s main opposition party launched a no-confidence motion against the government, putting pressure on Prime Minister Boyko Borissov as protesters take to the streets against his failure to fight high-level corruption. The Socialist Party, which filed the motion on Wednesday, doesn’t have enough lawmakers to oust the cabinet in the fifth such confidence vote it has faced. But the ...

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Trump to keep fighting Vance tax subpoena

Bloomberg President Donald Trump told a federal judge in New York that he will continue to challenge a grand jury subpoena seeking his tax filings after the US Supreme Court ruled he is not immune from investigation. Manhattan District Attorney Cyrus Vance Jr is investigating hush-money payments made before the 2016 presidential election to Stormy Daniels, a porn actress who ...

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Wells Fargo slumps after first quarterly loss since 2008

Bloomberg Wells Fargo & Co. plummeted after reporting its first quarterly loss since 2008 as loan-loss provisions soared with the bank expecting a more severe downturn from the coronavirus pandemic. The firm set aside a record $9.5 billion for credit losses, about $4 billion more than analysts had expected. Wells Fargo executives had warned they would earmark more for soured ...

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