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Asian shares flat but on track for weekly gains

TOKYO/SYDNEY Asian shares flatlined on Friday but were on track for robust weekly gains, while the euro caught its breath after sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for longer than many had expected.

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Wells Fargo picks four directors for sales scandal probe: source

Wells Fargo & Co Chairman Stephen Sanger and Vice Chair Elizabeth Duke have been named to a four-member committee that will lead an internal investigation into the bank's recent sales scandal, a person familiar with the matter said on Thursday.

Dec 08 2016

Fears of Beijing gambling crackdown sends casino stocks crashing

HONG KONG/SHANGHAI Casino stocks from Australia's Crown Resorts to Las Vegas Sands tumbled after a report that Macau, the world's biggest gambling hub, would limit cash withdrawals as part of a Beijing-led crackdown on illicit outflows.

Dec 08 2016

U.S. SEC enforcement chief Ceresney to depart at year-end

WASHINGTON Andrew Ceresney, the U.S. Securities and Exchange Commission's Wall Street policeman, will leave the agency at the end of December, joining other top officials who are departing before Donald Trump is sworn in as president in January.

Dec 08 2016

3M to sell identity management business to Gemalto

3M Co , the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam-based digital security company Gemalto for $850 million.

Dec 08 2016

BNY Mellon's payment woes its second big tech glitch in 18 months

BOSTON A payment processing glitch at BNY Mellon Corp this week should not be a surprise as executives inside the world's largest custody bank recently highlighted a number of problems with the daily task of moving trillions of dollars around the global banking system.

Dec 08 2016


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