Standard Chartered Faces U.S. Probe Over Indonesian Investment

The Justice Department is investigating Standard Chartered PLC over allegations that an Indonesian power company controlled by the London-based bank paid bribes to win contracts. An internal audit at Maxpower Group More...

Regulators In Germany Orders Facebook To delete WhatsApp User Data

A German privacy regulator ordered Facebook (FB.O) on Tuesday to stop collecting and storing data of German users of its messaging app WhatsApp and to delete all data that has already been forwarded to it. The More...

Mario Draghi Presses For U.K. Not To Receive Any Benefits In Brexit Negotiations

On Monday, Mario Draghi outlined that the United Kingdom should not be given any special benefits for single-market access during negotiations of its departure from the EU. “Any outcome should ensure that all More...

Deutsche Bank Stocks Drop To New Low On Fears Of U.S. Dispute

Deutsche Bank saw its shares drop to a new low on Monday after a report stated that the struggling German lender would be unlikely to receive any state-aid. A weekly news magazine known as Focus in Germany reported More...

Wells Fargo’s CEO Stumpf To Receive Over $120 Million On Retirement

Wells Fargo CEO John Stumpf has been estimated to gain $123.6 million in severance and stock valuations if the executive retires from the bank which has faced an investigation after millions of bank accounts were More...