Banking

Wells Fargo raises minimum wage

The pay increase will affect 20,000 of the bank's U.S. employees. The company says it wanted to issue the pay increase to better account for "the cost of living in each Wells Fargo market." 

Huawei accuses U.S. of overlooking HSBC misconduct with Iran

U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings in exchange for the British bank's cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecom giant said.