Bloomberg Brazilian authorities are increasing the pressure on Jair Bolsonaro with a probe into the former president’s role in riots that upended the nation’s capital on Jan. 8 and the arrest of his Justice Minister Anderson Torres by federal police. Torres was arrested on Saturday after arriving in Brasilia following a vacation in the US. The former minister, whose ...

  Bloomberg Wells Fargo & Co. posted higher-than-expected fourth-quarter expenses, even after the firm warned of a hefty loss tied to a regulatory sanction last month. The firm spent $16.2 billion in the last three months of 2022, according to a statement, exceeding analyst estimates. That included $3.3 billion in operating losses after Wells Fargo said last month it would ...

  Bloomberg Credit Suisse is planning to cut more than 10% of its European investment bankers this year, adding to hundreds of job losses in London and Zurich, the Financial Times newspaper reported. The bank has been reducing headcount across its divisions after announcing plans to reduce 9,000 roles globally by 2025 last year. The further cuts come after the ...