Davos forum eyes swift three-way trade deals
At the World Economic Forum in Davos US EU and Britain discuss parallel talks to seal trade pacts by year end. Mnuchin says prioritizing a UK deal while Javid pursues EU talks and Gentiloni notes 11 months for an agreement is possible.
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Wells Fargo ex-CEO Stumpf fined 17.5 million and banned
Federal regulators fined former Wells Fargo chief executive John Stumpf 17.5 million and imposed a lifetime banking industry ban. Regulators also pursue 37.5 million in penalties against five more ex Wells Fargo executives, with two others settling for sizable fines. The cases mark the first punitive action against individuals over Wells Fargo's sales scandal involving fake accounts.
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