In the wake of the financial crisis of 2008, would-be reformers of Wall Street have largely focused on the problems with letting big financial institutions mix commercial banking with investment banking. But the most recent banking scandal -- the revelation that Wells Fargo employees created millions of fake accounts for their customers in order to meet their sales targets -- is a reminder that big banks have an enormous drive to misbehave, even within the strict realm of traditional banking activities. Read more.
Paris will maintain a ban on gatherings on promenades along the Seine river, the lawns of Les Invalides and the Champs de Mars around the Eiffel Tower in efforts to curb the spread of coronavirus, police said on Monday. Read more.