Bloomberg Barclays Plc’s Asia-Pacific Chief Executive Officer Andy Jones is stepping down, according to a memo obtained by Bloomberg. Jaideep Khanna and Reid Marsh will replace Jones as co-heads for the region, the memo showed. Jones, who will return to the U.K. in the first half of this year, will take on a temporary role as vice chairman, according …

  Bloomberg Wells Fargo & Co. charged some homebuyers fees to extend promised interest rates when the bank failed to process their mortgage applications on time, ProPublica reported, citing four former employees from the Los Angeles area. The practice, apparently limited to that region, broke with the company’s policy of eating the fees when it was at fault for delays, …

  Bloomberg BlackRock Inc. yanked custody services from State Street Corp. on more than $1 trillion in client assets as the asset manager seeks to cut costs by putting pressure on vendors. The move of assets to JPMorgan Chase & Co. is part of BlackRock’s strategy to exact lower fees, according to a person familiar with the matter. The bank …