Business


Lawmakers Intensify Pressure on Wells Fargo

Ms. Tolstedt, former senior executive vice president of community banking, received more than $20 million in annual bonuses between 2010 and 2015, the period during which the alleged misconduct occurred. In a letter to Wells Fargo general counsel James M. Strother, Hensarling said that "the committee is very concerned by these serious allegations".


Deutsche Bank: No intent to settle 'anywhere near' $14B

Deutsche Bank: No intent to settle 'anywhere near' $14B

In a quick reaction, Deutsche Bank said the US$14 billion figure was an opening proposal in settlement talks with United States prosecutors, but the bank said it had "no intent" to agree to a sum "anywhere near" the figure. (N:) agreed to pay $16.7 billion in penalties to settle similar charges. The total tab for Bank of America Corp., which reached a similar settlement in 2014, was almost $17 billion.


Trump Jr. Says 'Gas Chamber' Joke Was Not Anti-Semitic

Trump Jr. Says 'Gas Chamber' Joke Was Not Anti-Semitic

Trump Jr's poor taste comments come as both his father and rival Clinton face pressure to share more medical information after the Democratic candidate fell ill during a 9/11 ceremony in NY on Sunday morning. As with all things Trump, Trump Jr.'s comments are questionable enough to cause controversy but oblique enough that defenders claim they had nothing to do with the Holocaust.



Clinton 'healthy and fit to serve'

The only medical information Trump has released consists of a four-paragraph letter from his physician , Dr. Harold Bornstein , made public last December, which praised Trump's fitness as "astonishingly excellent" and "extraordinary".


India's richest man launches free 4G service

India's richest man launches free 4G service

India's established telecom players saw their share prices dip further on Friday (02 September), after analysts slashed price targets on some of them, and warned that the launch of new rival Reliance Industries' Jio venture is set to be much more disruptive than earlier imagined.



'Sully' tops at box office: America needs its hero

The Warner Bros. film cost a reported $60 million to produce. Another premiere, "When The Bough Breaks", was in the second place with 15 million dollars in ticket sales. The Wild Life , which now has a 15% rating on Rotten Tomatoes, claimed fifth place with $3.4 million. Further down the list came Kubo and the Two Strings in sixth with $3.2m (£2.4m), followed by Pete's Dragon with $2.9m (£2m).