CHICAGO (Reuters) – Wells Fargo & Co faces possible bans from doing business with the city of Chicago and the state of Illinois in the wake of its sales scandal that erupted earlier this month.
LONDON (Reuters) – Royal Bank of Scotland announced on Friday a sweeping overhaul of its structure and banking brands as it outlined plans to separate its retail operations from riskier parts of its business by 2019.
BEIJING, Sept 30 (Reuters) – China’s factory activity expanded in September as domestic and export orders picked up but the improvement was marginal and manufacturers continued to shed jobs, a private business survey showed on Friday.
(Reuters) – Alphabet Inc’s Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company’s latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business.
WASHINGTON, (Reuters) – U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook.
PARIS/FRANKFURT (Reuters) – Alarmed by the threat posed by Silicon Valley firms to their businesses in developing autonomous driving systems, it was evident at the Paris Motor Show this week that carmakers are seeking to fighting back by cooperating in areas of technology development where previously they might have tried to compete.
Commerzbank says it will slash thousands of jobs and stop paying dividends amid a broad restructuring of its business. …read more