Bloomberg Wells Fargo & Co. is removing a layer of management, consolidating its regional and area president roles into a new one called region bank president, according to an internal memo. The change will result in the elimination of 70 jobs, Bridget Braxton, a Wells Fargo spokeswoman, said in a telephone interview. Each region bank president will supervise six to …

Bloomberg Citigroup Inc. is expanding its digital-banking channels in Asia as the bank seeks to boost its base of affluent customers in the region by at least 10 percent this year. The New York-based firm is accelerating the deployment of technologies that allow customers to get advice from wealth managers and make transactions through its Internet and mobile platforms, according …

Bloomberg Oil fell for a third week as rising supplies from the US to Nigeria to Libya showed that OPEC is still struggling to clear a global glut. Futures fluctuated in New York, trading at the sub-$50 levels seen before OPEC first agreed to curb output in November. US data showed total crude and product stockpiles rose by the most …