UBS Names New Wealth-Management Chief 
 

UBS appointed a new chief for its $1.1 trillion international wealth-management unit, a division that has been a key driver of the bank's earnings but faces competition from rivals including Credit Suisse.

 
Australian Regulator Deepens Compliance Case Against Commonwealth Bank 
 

Commonwealth Bank of Australia faces fresh allegations of failed compliance that the country's financial-intelligence agency claims links bank accounts with money laundering by crime syndicates and drug dealers, and customers suspected of financing terrorism.

 
China Firms Ditch Bonds for Banks in Search for Funds 
 

Chinese companies are turning away from capital markets and heading back to state-owned banks to raise cash, in a reversal of Beijing's previous efforts to modernize the way the corporate sector in the world's No. 2 economy is funded.

 
China's LexinFintech Shrinks IPO Fundraising Goal 
 

LexinFintech, a Chinese online lender that is planning to go public in the U.S., scaled back its fundraising ambitions after regulatory changes in China sparked a rout in shares of similar companies.

 
Santander to Buy Deutsche Unit in Poland 
 

Santander and its Polish subsidiary said that they have agreed to acquire Deutsche Bank's retail and private banking business in Poland for EUR305 million.

 
Disney Finalizing Pact to Acquire Assets From 21st Century Fox 
 

Walt Disney is close to a deal to acquire a large piece of 21st Century Fox, people familiar with the situation say, in a pact that could help the entertainment giant accelerate its ambitions in streaming media, shore up its television business and grab hold of lucrative movie franchises.

 
Former UAW Official Exits GM's Board Amid Probe 
 

A former United Auto Workers bargaining official resigned from General Motors Co.'s board of directors amid a broad federal investigation into training center funds jointly overseen by domestic auto makers and the union.

 
AT&T Reaches Contract With Union 
 

AT&T Inc. reached a tentative deal with the union representing more than 21,000 of its wireless-support and retail workers, ending a 10-month standoff over pay and work conditions.

 
Judge Rejects Defamation Lawsuit Against Deadspin Owner 
 

A judge has tossed Las Vegas oddsmaker R.J. Bell's defamation lawsuit against web publisher Gizmodo Media Group LLC over a 2016 article on Deadspin.com but said litigation against the article's author can move forward.

 
Lawmakers Seek Checks on Phony Comments Before 'Net Neutrality' Vote 
 

Some lawmakers are calling on the Federal Communications Commission to add new safeguards against fraudulent public online comments amid an FCC vote Thursday to that require internet-service providers to treat all web traffic equally.

(END) Dow Jones Newswires

December 14, 2017 05:15 ET (10:15 GMT)

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