Bloomberg BNP Paribas SA agreed to pay $246 million to settle Federal Reserve allegations that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices. The Fed ordered the Paris-based lender to improve its oversight and internal controls for foreign-exchange trading. BNP Paribas also agreed to $350 million settlement in May with the New York ...

Bloomberg The new chief executive officer of Piraeus Bank SA is trying to make up for lost time. CEO Christos Megalou must offload 4 billion euros ($4.6 billion) in bad loans by the end of the year under a restructuring plan worked out with the European Central Bank’s supervisory arm months before he took over at the largest Greek lender. ...

Bloomberg Wells Fargo & Co. exercised an option to buy the rest of Golden Capital Management, an ‘active quant’ investment firm that helps oversee $10 billion. The bank, which built up a 65 percent stake in Golden in 2011, said in a statement that it finished purchasing the rest at the start of this month. It didn’t disclose the terms. ...