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South Africa's Sibanye Doubles Down on Platinum With Lonmin Buy

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Sibanye said it had agreed to buy London-listed miner Lonmin for $380 million, the latest in string of deals that have reshaped the South African company into the world's No. 2 platinum producer.

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.

Wells Fargo Trims Staff in Its Giant Mortgage Unit

Wells Fargo laid off about 60 employees in its mortgage division as the bank continues to reshuffle parts of its business following heightened regulatory scrutiny.

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Warburg Pincus Group Invests $780 Million in Texas Shale Startup

A group led by Warburg Pincus agreed to invest $780 million in an oil-exploration company, one of the largest private equity investments in a shale startup.

China's Tech Startup Funding: The Wild West in the Far East

David Su's Matrix Partners China has nurtured 20 unicorns-startups valued at $1 billion or more. But he's anxious that there's now too much capital chasing too few worthy ideas.

Canada's CEOs Warn Government on Trade Policy

Canada's most prominent business leaders are 'deeply concerned' by setbacks to diversify trade in Asia in the face of uncertainty over Nafta, according to a letter their lobbyist sent to Finance Minister Bill Morneau.

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.

(END) Dow Jones Newswires

December 14, 2017 07:15 ET (12:15 GMT)