Financials

Elizabeth Warren rips Wells Fargo at Fed chair hearing

Sen. Elizabeth Warren (D-Mass.) grilled Federal Reserve Chair Jerome Powell on Thursday over the measures the U.S. central bank is taking to hold Wells Fargo accountable for consumer abuses dating back to 2016.

HSBC's 2017 profit jumps but below view

HSBC Holdings' pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations.