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Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace
Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace. Michal Leavitt says bank steered larger accounts toward men and denied pay and promotions to men. The complaint is the latest in a long line of lawsuits accusing big U.S. Banks of bias against women.
Reuters · 3h ago
EXCLUSIVE-India's Ola Cabs plans $500 mln IPO, to appoint banks soon, sources say
India's Ola Cabs plans $500 mln IPO, to appoint banks soon, sources say. SoftBank-backed Ola is India's answer to Uber UBER.N and plans to file papers for approval within three months. The company is in talks with investment banks, says sources.
Reuters · 9h ago
Finance firms urge ambitious action on plastic pollution
160 financial companies urge governments to agree a treaty to end plastic pollution. Group calls for a policy framework backed up by binding rules. Curtailing the estimated 400 million metric tons of waste produced every year is crucial to protect biodiversity. Finance firms urge ambitious action on plastic pollution in Canada.
Reuters · 20h ago
UPDATE 2-Goldman Sachs, Commerzbank hike Brent crude forecasts
Goldman Sachs, Commerzbank hike Brent crude oil price forecasts. Goldman Sachs projects $86 a barrel for the second half of 2024, up from $85 previously. Commerzerzbank raises its price forecast for Brent to $90 a barrel at the end of second quarter.
Reuters · 22h ago
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Major banks release forecasts for global growth, inflation and other assets in 2024. HSBC, BofA Global Research, Wells Fargo Investment Institute provide forecasts for 2024. Forecasts come as major central banks across the globe have indicated interest rate cuts this year. U.S. Consumer prices are expected to rise more than expected in March.
Reuters · 1d ago
US judge in credit card fee rule case doesn't have to recuse, panel says
US judge in credit card fee rule case doesn't have to recuse, panel says. Don Willett's son owns Citigroup stock. Willett is a judge in a case challenging a rule capping credit card late fees at $8. The Consumer Financial Protection Bureau had said he should recuse himself.
Reuters · 1d ago
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 1d ago
EXCLUSIVE-Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in Indonesian lender, sources say
Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in Indonesian lender, sources say. Sources say Abu Dhabi's largest Islamic bank is in discussions to buy a 15% stake in Bank Syariah Indonesia. The deal could tap into a fast-growing market in Southeast Asia. BSI shares surged as much as 5.6% on Thursday.
Reuters · 1d ago
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