Bloomberg Venezuela’s recent elections were marked by unfairness and political repression, but in a positive change from recent years, they did allow greater participation for the opposition, Jimmy Carter’s Carter Center wrote in a report. While the opposition got more votes, the ruling party won most of the available positions amid low turnout and voter apathy following years of economic ...

Bloomberg Westpac Banking Corp agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had widespread compliance failures that included charging dead people. The case includes a claim that Westpac charged more than A$10 million ($7.01 million) in fees for financial advice to over 11,000 deceased customers over a 10-year period, according to a ...

Bloomberg UniCredit SpA’s German operations are set to take about half group’s planned job cuts as the firm seeks to boost profitability at the underperforming unit. Chief Executive Officer Andrea Orcel plans to eliminate about 1,500 positions at subsidiary HVB as part of his new strategy that’s slated to be unveiled next week, people familiar with the matter said. Those ...