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Midweek Roundup: US Officials Launch Broad Review of Bank Sales Practices, UK Banks Set to Relocate to Europe, and More
printU.S. regulators are preparing to interview employees and review the incentive-based sales practices of JPMorgan Chase, Bank of America, Citigroup and other financial institutions amid the fallout from the fraudulent-accounts scandal at Wells Fargo, The Wall Street Journal and Bloomberg reported. More and More Several small banks in the U.K. are planning to relocate their operations to the European Union by Christmas amid uncertainty over the terms of the country's pending departure from the economic bloc, with large banks expected to follow suit in the first quarter of 2017, the chief executive of the British Bankers' Association wrote in the...
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