Bloomberg Wells Fargo & Co.’s new chief executive officer told lawmakers that the bank hasn’t done enough to turn itself around following a series of scandals and is now more focused than ever on fixing its problems. “The sense of urgency within the company is very different today than it was four months ago,” Charlie Scharf, who took over as ...

Bloomberg White House officials are discussing temporarily allowing cash-strapped airlines to keep some taxes and fees they collect from passengers as a way to help as travel plummets due to the spread of coronavirus. The option is being discussed for the 7.5% tax on airline tickets, which provides a substantial part of the $16 billion a year collected for a ...

Bloomberg Federal aviation officials are investigating the cause of a 12-inch-long crack that developed in the top of a Southwest Airlines Co jet during flight, leading to a gradual loss of cabin pressure. Pilots on Southwest Flight 1685 from Las Vegas to Boise, Idaho, descended to 22,000 feet last week after receiving a pressure-drop alert for the cabin, the Dallas-based ...