bank

(Newser) - World Bank president Paul Wolfowitz faced mounting pressure to resign last night as details emerged over his role in ordering a promotion and pay raise for an employee with whom he is romantically involved. Wolfowitz apologized at a press conference and again to a gathering of bank staff members, where...

(Newser) -  Wal-Mart has withdrawn its controversial application for a bank charter, ending a potential foray into the retail bank market. The big-box retailer’s plans to set up its own bank had drawn fire from banking and consumer groups, who feared it would stifle competition. The company, for its part,...