NEW YORK / AP Wells Fargo CEO Tim Sloan said the company could need several more months to resolve customer damage tied to its massive sales practices scandal, such as figuring out if people had trouble getting approved for other loans because of the fake accounts bank employees opened. Sloan reiterated what he has said since becoming CEO in …

  Bloomberg Goldman Sachs Group Inc. reduced chief executive officer Lloyd Blankfein’s annual compensation 27%, awarding him $22 million for 2016 after eliminating a long-term incentive award. Blankfein, 62, received $16 million in performance shares and a $4 million cash bonus, in addition to his $2 million salary, the New York-based firm said Friday in its annual proxy filing. Unlike …

  LONDON / Reuters Former Barclays chief executive Bob Diamond marked a return to investment banking in Britain with a Qatari-backed takeover of stockbroker Panmure Gordon, one of the oldest names in the City of London. Diamond, who left Barclays in 2012 during the Libor interest rate-rigging scandal, is making the move through his private equity firm Atlas Merchant Capital, …