Bloomberg Wells Fargo & Co. will pay bigger sign-on bonuses to some new brokers as competitors including Morgan Stanley and Bank of America Corp. seek to reduce recruitment inducements. The Wells Fargo Advisors unit plans to offer better pay packages to brokers who oversee the largest books of business as it seeks to woo more big producers, reports said. The …

Bloomberg The South African Reserve Bank left its key rate unchanged for a seventh straight meeting as policy makers warned politics and ratings downgrades could still knock the rand and scupper an improving inflation outlook. The Monetary Policy Committee maintained the benchmark repurchase rate at 7 percent, Governor Lesetja Kganyago told reporters in the capital, Pretoria. The decision was in …

Bloomberg Alan Tay Yeow Kee, a former CIMB Group Holdings Bhd. banker, admitted to insider trading on two stocks before the companies received takeover offers. Tay, 41, pleaded guilty to trading on price-sensitive information in a Singapore State Court and was fined S$180,000 ($130,000). He bought shares in Qualitas Medical Group Ltd. and welding products supplier Leeden Ltd. in 2011 …