Wells Fargo Scandal Gets Banks To Ask Employees What Makes Them Proud to Come to Work
In the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers, and mechanisms for employees to report malfeasance. Now, the high-pressure sales scandal at Wells Fargo wfc provides more evidence that large U.S. banks may have little to show for the effort. Bank consultants say tens of millions of dollars are spent each year on initiatives to build a culture of integrity, partly at the urgi..>> view originalMichael Wolff on Shari Redstone and the Competing Narratives of Viacom's Future
Firmly in charge but without a clear plan, she must find a CEO (Katzenberg? Chernin?), earn Wall Street trust ("She's flailing around like a fish") or convince Leslie Moonves to fix everything. There's an "A" narrative and a "B" narrative to the future of Viacom — both seeming to come from the same source. In the A narrative, the board of the beleaguered media company will emphasize good governance principles in its search for a new CEO after the ouster of Philippe Dauman and th..>> view originalApple to move into a new London campus in 2021
Apple is planning to consolidate its various London offices into a single campus, come 2021. The Evening Standard broke the news today that Apple’s future home in the U.K. capital will be inside the Battersea Power Station redevelopment zone — a site that has played host to many a press launch in recent years, given the spectacular backdrop of the Grade II listed power station decaying with grandeur in the middle of a prime riverside location. The brick built, cathedral-esque Art Deco electric..>> view originalNo more trade in endangered pangolins, UN meeting decides
By Tanisha Heiberg | JOHANNESBURG JOHANNESBURG The United Nations on Wednesday banned global trade in highly endangered pangolins, a scaly animal with the dubious distinction of being the world's most poached mammal.Member states of the U.N.'s Convention on International Trade in Endangered Species, known as CITES, voted to place the eight species of pangolin on the convention's "Appendix I," which prohibits any cross-border movement in the animals or their body parts for commercial purposes..>> view originalSABMiller investors cheer $100 billion-plus AB InBev takeover
LONDON/BRUSSELS SABMiller (SAB.L) shareholders overwhelmingly backed the brewer's $100 billion-plus takeover by Anheuser-Busch InBev (ABI.BR) on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. The combined group will sell more than a quarter of all beers sold worldwide and be the fifth largest consumer goods company. For the maker of Budweiser, Corona and Stella Artois it provides entry into Africa and large fast-growing Latin American markets such ..>> view originalStocks fall slightly amid Janet Yellen testimony; oil eyed
"It's going to be hard to fight the wave of Fed speakers coming today," said Cardillo. "I think that will keep the market nervous." Minneapolis Fed President Neel Kashkari said in a speech the U.S. central bank an keep interest rates low for longer because even with jobs being created at a "pretty healthy clip" low rates are not creating inflationary pressures. St. Louis Fed President James Bullard also spoke, but did not comment on monetary policy. U.S. equities rose sharply on Tuesday,..>> view originalTakata sells auto interiors unit as recall costs rise
Posted: Wednesday, September 28, 2016 8:49 am | Updated: 9:45 am, Wed Sep 28, 2016. Takata sells auto interiors unit as recall costs rise Associated Press | 0 comments DETROIT (AP) — Troubled air bag maker Takata Corp. of Japan is selling its automotive interior trim and seating material operation, presumably to raise money to..>> view originalGermany's Lufthansa acquiring remainder of Brussels Airlines
BERLIN (AP) — Germany's Lufthansa says it is taking over Brussels Airlines, exercising its option to acquire the remaining 55 percent stake in its parent company, SN Airholding. Lufthansa, which already owns 45 percent of the company, said Wednesday that the supervisory board was exercising a call option for the remaining stake. The transaction should be concluded early next year. Your current subscription does not provide access to this content. Please click the..>> view original
Monday, October 3, 2016
Wells Fargo Scandal Gets Banks To Ask Employees What Makes Them Proud to Come to Work and other top stories.
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