The U.S. Commodity Futures
Trading Commission ordered Wells Fargo & Co to pay more
than $14 million to settle charges it provided "misinformation"
when conducting a large foreign exchange trade with a
counterparty, the agency said in a statement on Friday.
WeWork officials, including
co-founder and former Chief Executive Adam Neumann, are being
sued by minority shareholders to recoup losses as the shared
workspace provider pulled its initial public offering and saw
its value plunge more than 87%.
British nursery retailer Mamas & Papas
Retail was sold to private equity firm Bluegem Capital Partners,
administrator Deloitte said on Friday, leading to the shutdown
of six loss-making stores and 73 job losses.
An Italian court on Friday
convicted 13 former bankers from Deutsche Bank, Nomura and Monte
dei Paschi di Siena over derivative transactions that
prosecutors say helped the world's oldest bank conceal massive
Telecom Italia (TIM)
plans to spin off its data centre operations and look for an
investor ahead of a potential market listing, it said on Friday,
after announcing a partnership with Google to develop
its cloud business.
Tesla Inc Chief Executive Officer
Elon Musk took to Twitter on Friday to taunt short-seller David
Einhorn in an open letter after the hedge fund owner wrote to
clients about losing money on his short position in the Silicon
Valley car maker.