Bloomberg Wells Fargo & Co. surprised investors this week by withholding more than $90 million due to buyers of pre-crisis residential mortgage-backed securities (RMBS). The bank said it invoked its right as trustee to hold back funds to cover legal costs. The 20 transactions had a principal balance of $540 million and are among more than 2,000 deals involved in …

Bloomberg Three of the UK’s biggest banks have stopped trading Qatari riyals as the Gulf state faces sanctions imposed by a Saudi-led coalition of neighboring states. Barclays Plc, Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc (RBS) ceased the sale and buy-back of the Qatari currency for consumers, the banks said. Officials for the banks said the …

Bloomberg The UK Financial Conduct Authority is setting up interviews with Barclays Plc executives as part of its investigation into Jes Staley’s attempts to unmask a whistle-blower, according to three people with knowledge of the requests. The FCA is planning to interview officials including Mike Ashley, the board member who supervises whistle-blowing complaints and Chief Operating Officer Paul Compton, in …