Major US allies to join China-backed AIIB bank

Against the advice of the US, several European nations have decided to join the China-backed AIIB development bank. Washington had expressed concern over funding transparency and competition for the World Bank.


Hedge fund calls for Webster Bank spinoff

A hedge fund with a significant stake in Webster Bank has sent a letter to the bank’s parent company suggesting it spin off its health care savings account business to boost the company’s share price