Wells Fargo CEO Sloan testifies before a House Financial Services

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FILE PHOTO: Wells Fargo CEO Tim Sloan testifies before a House Financial Services Committee hearing titled: “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses” in Washington, U.S. March 12, 2019. REUTERS/Erin Scott

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United Airlines drastically cuts California flights to match demand

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CHICAGO (Reuters) – United Airlines Holdings Inc said on Tuesday it was temporarily, but significantly, reducing daily flying in and out of Los Angeles and San Francisco airports to better match demand that has dropped due to the new coronavirus. Starting on April 12, United will operate 13 daily flights from LAX to six destinations, […]
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French state may call on banks to contribute to Air France bailout

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PARIS (Reuters) – The French government may call on banks to contribute to a bailout of Air France KLM if it offers state support to the struggling airline, the finance minister said on Thursday. The government has earmarked 20 billion euros ($21.7 billion) to recapitalise – or nationalise if necessary – big French firms that […]
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PBOC deputy governor says China must promote pension investment to bolster capital market

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SHANGHAI (Reuters) – China needs to promote pension investment to bolster its capital markets, the official Shanghai Securities News quoted Fan Yifei, deputy governor of China’s central bank as saying on a financial forum Saturday. Fan said reforms in the pension security system could strengthen China’s financial markets by promoting and developing the institutional investor […]