Bloomberg Novartis AG’s top lawyer became the first executive to take the fall for the controversial $1.2 million in payments he helped arrange to Donald Trump’s attorney, as the drugmaker tries to contain the furor from last week’s revelation. Felix Ehrat, who along with former Chief Executive Officer Joe Jimenez signed the agreement with a consulting firm led by lawyer ...

Bloomberg Riskier US mortgages are creeping back into the bond market again. The loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. But they’re being made to people with lower credit scores and with more debt relative to their income. And in separate transactions tied to rental homes, Wall Street banks are ...

Bloomberg North Korea threatened to walk away from its meeting with President Donald Trump next month if the US made a “one-sided demand” for the regime to surrender its nuclear weapons. Kim Kye Gwan, a vice foreign minister and a top North Korea disarmament negotiator, said the regime was disappointed by recent comments from the US on their goals for ...