Exclusive: Wells Fargo planned to disclose auto insurance issues during customer refunds - executive
NEW YORK Wells Fargo & Co began examining the way its auto lending unit enrolled borrowers into insurance policies a year ago, but did not plan to disclose problems it uncovered until it was ready to issue reimbursements to affected customers, its head of consumer lending told Reuters on Friday.
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NEW YORK A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world's biggest banks of conspiring to rig the $275 trillion market for interest rate swaps.
NEW YORK High-flying semiconductor stocks may be poised for more losses in the coming weeks as a large swath of chip names reports quarterly results in a sector that may have run up too far for some investors.
BERLIN/NEW YORK A transatlantic alliance between three global airlines will shore up their position in the lucrative UK-U.S. market, shielding them from low-cost rivals and the uncertainties of Britain's exit from the European Union.
The Federal Reserve's $4.5 trillion balance sheet is not doing a lot to boost the U.S. economy right now and trimming it gradually is the right thing to do, Minneapolis Fed President Neel Kashkari said on Friday.