Wells Fargo Isn't the Only Bank That Draws Cross-Selling Complaints

Problematic sales practices at banks may extend beyond the abuses revealed in the $185 million enforcement action against Wells Fargo, according to a new analysis of customer complaints maintained by the U.S. government.

 

Air-Bag Maker Takata in Talks to Settle Likely Criminal Case

Takata is negotiating after U.S. prosecutors found evidence of unlawful conduct in the Japanese automotive supplier's handling of rupture-prone air bags linked to numerous deaths and injuries.

 

BlackBerry Outsourcing Handset Business

BlackBerry Ltd. said it would outsource the making of handsets and instead focus on developing secure software and services.

 

Deutsche Bank Lifted by $1.2 Billion Abbey Life Sale

Deutsche Bank said it sold its U.K.-based Abbey Life insurance unit to Phoenix Group Holdings Ltd. for $1.2 billion, boosting the German lender's capital cushion slightly at a time of intense focus on its financial health.

 

RBS Pays $1.1 Billion to Settle Lawsuits in U.S.

Royal Bank of Scotland Group has agreed to pay $1.1 billion to a U.S. regulator to resolve two civil lawsuits over the way it sold mortgage-backed securities in the run-up to the financial crisis.

 

The Cheapest Way to Get Alexa: Amazon's New Fire TV Stick

Amazon introduced its second-gen Fire TV Stick, keeping the same $40 price, but including a voice-capable remote that lets owners talk to the artificially intelligent assistant Alexa.

 

No First-Day Pop for Postal Savings Bank of China

Shares of Postal Savings Bank, the world's biggest initial public offering this year, limped out of the starting gate on Wednesday, in spite of help from Goldman Sachs traders.

 

SABMiller, AB InBev Shareholders Approve Merger

The $100 billion-plus megamerger of SABMiller and Anheuser-Busch InBev cleared another hurdle after shareholders of both companies voted in favor of the deal.

 

Uber to Launch Food-Delivery Service in Tokyo

Uber plans to launch its UberEats food-delivery business in Tokyo on Thursday, preparing for a gradual rollout across Japan-a country where its main ride-hailing business is barred.

 

(END) Dow Jones Newswires

September 28, 2016 09:15 ET (13:15 GMT)

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