Wells Fargo fires more than dozen employees for allegedly faking work, Bloomberg News reports

Wells Fargo (WFC.N), last month terminated over a dozen employees after reviewing allegations that they were involved in simulation of keyboard activity, creating an impression of active work, Bloomberg News reported,  on Thursday. The fired employees worked in the bank’s wealth and investment management unit, according to the report, which cited the bank’s disclosures filed with the […]

Italy’s Antitrust closes probe into Intesa Sanpaolo

 Italy’s competition watchdog said on Wednesday it had closed a probe into Intesa Sanpaolo (ISP.MI), and its digital bank unit Isybank because they had taken the required action to avoid unfair commercial practices. The antitrust authority (AGCM) opened the investigation in November into the transfer of thousands of Intesa Sanpaolo customers to the lender’s mobile-only service Isybank. Around 5,000 […]

Barclays suspends sponsorship of Live Nation music festivals after protests

Barclays (BARC.L), suspended on Friday its sponsorship of all Live Nation (LYV.N),  music festivals in 2024 after various acts dropped out in protest over the bank’s links to defense companies that work with Israel. The suspension includes upcoming Live Nation festivals across the UK this summer, including Latitude, Download and the Isle of Wight. “The protestors’ agenda […]