Bloomberg Wells Fargo & Co. fired the head of its consumer credit-card business and three other senior managers as the bank’s board examines how abusive sales practices spread through branches before spiraling into a national scandal last year. Shelley Freeman, the former Los Angeles regional president who went on to run consumer-credit solutions, was terminated, along with Arizona lead ...

  Emirates Business Saxo Bank, the online multi-asset trading and investment specialist, reports on Wednesday the financial markets have started the year strong with a rally in equities leading to a huge rotation of investors moving from bonds to equities which may bring further demand for equities in the coming weeks. However, at a presentation in Dubai, Saxo Bank’s Head ...

  Bloomberg A London-based stock exchange that was on the ropes a year ago is getting a lifeline from algorithmic traders drawn to its efforts to blunt the advantages of raw speed. Though still small, Aquis Exchange Ltd. has seen its share of European trading more than double in the past year. Part of the reason is firms like XTX ...

  Bloomberg International money transfer service TransferWise Ltd. has announced an integration with Facebook Inc.’s Messenger that will let people set up foreign exchange transactions over the chat service. London-based TransferWise launched the technology as a bot — a piece of automation software that understands natural language — baked within Messenger. The bot, which is free to use and doesn’t ...

  Bloomberg Snap Inc. so far hasn’t been able to tamp down investor concern about user growth. When asked about a slowdown in new users on its Snapchat photo-sharing mobile app in the fourth quarter, the company blamed a product issue with its Android version, according to investors who attended the company’s initial public offering roadshow presentation in New York. ...

  MOUNTAIN VIEW / AP For its next trick, an internet-beaming balloon factory spun out of Google believes it can outmaneuver the wind. In doing so, the 4-year-old “Project Loon” says it will be able to bring remote parts of the world online more quickly with a smaller fleet of the balloons than it previously thought. Engineers involved in the ...

  DUBAI / WAM A tribunal of distinguished arbitrators, acting under the rules of the London Court of International Arbitration, has exonerated DP World from all charges of misconduct in connection with the award of a 50-year concession to operate the Doraleh Container Terminal (DCT) in Djibouti. The international tribunal was composed of distinguished arbitrators Lord Leonard Hoffmann, Sir Richard ...

  HARARE / AP US President Donald Trump’s “America First” policy has an admirer in Zimbabwe’s controversial president, who says the policy resonates with his own thinking. President Robert Mugabe, who turned 93 on Tuesday and is the world’s oldest head of state, spoke in a birthday interview with state-run media. “When it comes to Donald Trump, on the one ...

  MOSCOW / AP The Kremlin refrained from comment Tuesday on the appointment of the new U.S. national security adviser, but one lawmaker said he was likely to take a hawkish stance toward Russia. Army Lt. Gen. H.R. McMaster was named to the job Monday by President Donald Trump to replace retired Gen. Michael Flynn. Trump fired Flynn last week ...

  PESHAWAR / AP A group of suicide bombers with grenades and assault rifles struck outside a courthouse in northwestern Pakistan on Tuesday, killing six people in an attack claimed by a Taliban splinter group. The attack was the latest in a wave of militant assaults across the troubled country that has killed over 100 people since last week. The ...