Wells Fargo close to settlements over fraud accounts

Settlements would close the 2016 scandal that rocked the bank Wells Fargo appears ready to agree to settlements with the federal government for abusing customers across several of its business units, according to the New York Times. Settlements could be announced...

Silicon Valley Is Quietly Building Its Own Wall Street

Can a new stock exchange backed by the Bay Area’s most powerful players take on the NYSE and Nasdaq? On a drizzly San Francisco day in December, Eric Ries is stationed inside the Succession-worthy offices of Orrick, Herrington & Sutcliffe. Here, at the...

Regulators need to get up to speed on digital currencies

LONDON (Reuters) – Global financial regulators risk falling behind on rapid innovation in the digital payments industry and need to work more quickly to devise rules for crypto-currencies or “stablecoins”, the chair of a global finance watchdog said on...

Boeing heads to court to oppose release of 737 MAX documents

CHICAGO (Reuters) – Boeing Co (BA.N) heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters involving the now-grounded plane....