Bloomberg The good times for Europe’s bedraggled investment banks came and went in a matter of weeks. Heightened volatility and market turmoil on the back of the coronavirus led to record trading volumes for investment banks in the first quarter, especially in rates, equities and currencies, Citigroup Inc. analysts led by Andrew Coombs wrote in a note to clients. However, ...

Bloomberg Wells Fargo & Co. is joining peers in awarding extra payments to employees as the bank deals with the coronavirus pandemic. Payments go to workers who earn base compensation of less than $100,000 and were employed by Wells Fargo for all of 2019, the San Francisco-based lender said in a statement. Eligible full-time employees will get $600 before taxes ...

Bloomberg Amazon, Walmart, EBay and other large online sellers were urged by state law enforcement officials to crack down on price gouging that preys on panic over the coronavirus pandemic amid surging complaints by consumers. The attorneys general of New York and California called on the companies to take action as 6,000 complaints have poured in to authorities across the ...