Anchor Bancorp in Laney, Wash., lowered its expectations in the face of impatient investors and buyers’ concerns about antitrust, credit quality and other issues.
Two related and equally humiliating cases of high-level bankers completely falling for fake emails illustrate the dangers of social engineering and the need to better protect executives and other employees from themselves.
Free-market advocates believe that consumers discipline wayward companies better than the government by eschewing their offerings, but switching products is not the same as punishing malefactors.
Royal Bank of Canada got an earnings boost from its U.S. capital markets business and its ownership of City National Bank in Los Angeles, helping to offset softer growth at home.
