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Italy relaxes law on shooting robbers in win for Salvini

FILE PHOTO: Deputy Prime Minister Matteo Salvini speaks in the upper house of the Italian parliament, in Rome
FILE PHOTO: Deputy Prime Minister Matteo Salvini speaks in the upper house of the Italian parliament, in Rome, Italy March 20, 2019. REUTERS/Yara Nardi/File Photo

March 28, 2019

By Gavin Jones

ROME (Reuters) – The Italian parliament on Thursday approved a law making it harder for judges to hand down tough sentences on people who shoot robbers on their premises.

The so-called “legitimate defense” law was a victory for Matteo Salvini, leader of the hard-right League party which formed a government last June with the anti-establishment 5-Star Movement.

Violent crime in Italy has declined in recent years, according to interior ministry data, with murders down 16.3 percent year-on-year in the 12 months to August 2018, and armed robbery down 12.3 percent.

However, Interior Minister and Deputy Prime Minister Salvini has kept the issue high on the political agenda, offering his public support to people prosecuted for shooting robbers.

“This is a wonderful day for Italians,” he told reporters after the bill was passed in the Senate following its approval in the Chamber of Deputies.

“Finally we are definitively guaranteeing the sacrosanct principle of legitimate defense for people who are attacked in their homes, their shops or their bars.”

By affirming that defense is always legitimate when people feel threatened by would-be robbers on their property, the legislation makes it harder for judges to pass tough sentences on those who shoot them.

Home-owners can no longer be accused of excessive violence if they can show that they shot burglars “in a state of grave confusion due to the situation of danger”.

The bill also increases prison sentences for burglary and armed robbery.

Center-left parties and some magistrates say the law will be difficult to interpret, will increase the use of firearms, and risks giving people the idea they can shoot intruders with impunity.

“Shooting people in the back will never be legitimate,” said Giulia Bongiorno, the League’s public administration minister, in an attempt to assuage these fears.

The League’s tough anti-immigration and law-and-order platform has helped it become Italy’s leading party, boosting its support to more than 30 percent, according to opinion polls, compared with the 17 percent it won at the March 2018 election.

Source: OANN

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Southern Poverty Law Center, which frequently targets conservatives, reels from harassment, intolerance claims

Amid a departure of top executives at the Southern Poverty Law Center (SPLC), a new report details allegations of sexual misconduct and racial discrimination against those very individuals at the progressive non-profit which frequently has targeted conservative groups.

A report from the New York Times on Monday detailed several complaints by both current and former employees that indicated a “climate of intolerance” in the workplace -- complaints including sexual harassment and a lack of diversity based on race and gender.

In recent years, the center has drawn criticism from Republicans and conservatives who have accused the SPLC of unfairly labeling people and groups with conservative viewpoints as bigots. Republican lawmakers have also questioned the working relationship between the SPLC and the FBI.

On Friday, SPLC President Richard Cohen (left) announced he would be stepping down from the civil rights organization amid the controversy. It came after co-founder Morris Dees was fired over "inappropriate conduct."

On Friday, SPLC President Richard Cohen (left) announced he would be stepping down from the civil rights organization amid the controversy. It came after co-founder Morris Dees was fired over "inappropriate conduct." (AP/Getty, File)

On Friday, SPLC President Richard Cohen announced he would be stepping down from the civil rights organization amid the harassment and diversity allegations.

“We’re going through a difficult period right now, and I know that we’ll emerge stronger at the end of the process that we’ve launched with Tina Tchen,” he said speaking of the Chicago-based attorney and onetime chief of staff for former first lady Michelle Obama who is conducting a review of the nonprofit.

SOUTHERN POVERTY LAW CENTER, FREQUENT CRITIC OF CONSERVATIVES, SEES ITS PRESIDENT STEP DOWN AMID RASH OF DEPARTURES

“Given my long tenure as the SPLC president, however, I do not think I should be involved in that process beyond cooperating with Tina, her team, and the board in any way that may be helpful.”

Cohen’s departure came only about a week after the organization fired co-founder Morris Dees.

While the SPLC did not offer details into Dees’ ousting, the Times report pointed to several factors.

About two dozen employees reportedly signed a letter saying “allegations of mistreatment, sexual harassment, gender discrimination, and racism threaten the moral authority of this organization and our integrity along with it.”

The report stated that several women on staff were warned about being alone with Dees and that two specific incidents led to his ultimate termination.

SOUTHERN POVERTY LAW CENTER ANNOUNCES DISMISSAL OF FOUNDER

A 2017 complaint against the 82-year-old alleged that Dees made a female employee uncomfortable by touching her shoulder and asking about her visible tattoos, prompting her to contact human resources. Dees denied any wrongdoing but acknowledged the complaint.

A second complaint was filed against Dees but the nature of that allegation was unknown.

In a statement to Fox News, the SPLC said Dees was fired after the second investigation.

“Following a prior investigation, the Board of Directors disciplined Mr. Dees for inappropriate conduct. After additional conduct and an additional investigation, Mr. Cohen, with the support of the Board of Directors, terminated Mr. Dees’ employment.”

A spokesperson said that as an organization that identifies as a defender of civil rights, “the SPLC is committed to ensuring that the conduct of our staff reflects the mission of the organization and the values we hope to instill in the world. When one of our own fails to meet those standards, no matter his or her role in the organization, we take it seriously and must take appropriate action.”

The SPLC's problems stretched further than the allegations of sexual harassment.

The Times reported that several employees were subject to “racially callous remarks” and that some on staff were sidelined because of their skin color -- ultimately affecting their pay and advancement within the organization.

SOUTHERN POVERTY LAW CENTER, UNDER FIRE FROM CONSERVATIVES, IS BRANCHING OUT TO COLLEGE CAMPUSES

Dana Vickers Shelley, a former staff member who resigned, said the SPLC was not “trying to be diverse in terms of reflecting the people who they served.”

Bryan Fair, the chair of SPLC's board of directors, said that they took the allegations “very seriously.”

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“The events of the last week have been a clear reminder that the walk towards justice must start at your own front door. We acknowledge and take very seriously the significant concerns that our talented and deeply committed staff have raised, and we are committed to listening further, taking ownership wherever we have failed to live up to our own standards and values, and to making any changes necessary at the conclusion of this process to ensure that the Center is exemplifying and upholding them.”

In addition to Dees and Cohen, an assistant legal director also left over gender and race equity concerns.

Fox News’ Louis Casiano contributed to this report.

Source: Fox News National

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China picks BoCom chief Peng to head sovereign wealth fund CIC: sources

FILE PHOTO: BoCom President Peng Chun attends a news conference on the lender's annual results in Hong Kong
FILE PHOTO: Bank of Communications President Peng Chun attends a news conference on the lender's annual results in Hong Kong, China March 29, 2016. REUTERS/Bobby Yip/File Photo

April 2, 2019

SHANGHAI (Reuters) – China has chosen a new chairman for sovereign wealth fund China Investment Corp (CIC), two sources familiar with the matter said on Tuesday, filling the top role after two years of vacancy.

Peng Chun, chairman of Bank of Communications (BoCom), will become CIC’s chairman, three people with knowledge of the matter told Reuters. BoCom is China’s fifth-biggest lender.

“Chairman Peng has already left for CIC. BoCom will make a public announcement soon,” one of the sources said.

CIC managed $941 billion as of the end of 2017, the most recent year for which a figure is available. It could not immediately be reached for comment. BoCom declined to comment.

Bloomberg reported Peng’s move earlier on Tuesday.

Peng, 57, had a stint at CIC as vice general manager between 2010 and 2013.

Headquartered in Beijing, CIC was founded in 2007 to help China earn a higher return on its foreign exchange reserves.

CIC has invested in overseas companies including online property rental firm Airbnb, Canadian mining company Teck Resources to U.S. private equity house Blackstone.

(Reporting by Li Zheng and Andrew Galbraith; Writing by Samuel Shen; Editing by Tony Munroe & Kim Coghill)

Source: OANN

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Quinnipiac Poll: Biden, Sanders Top Dem Candidates

Former Vice President Joe Biden, who has not yet announced his candidacy in the 2020 Democratic Party presidential primary, leads the pack of candidates, with Sen. Bernie Sanders, I-Vt., coming in a close second, according to a new Quinnipiac University poll.

According to the poll, released Thursday, Biden, 76, was the choice of 29 percent of Democrats and Democrat-leaning voters, Democratic, followed by 19 percent for Sanders, 77.

The poll also revealed that most Democrats don't consider a candidate's age as the most important factor in their votes.

The 1,358 voters polled nationwide said by 70 percent to 27 percent that age would not be an important factor in their votes.

Former Texas Rep. Beto O'Rourke, 46, garnered 12 percent of the voters and Sen Kamala Harris, D-Calif., at 54, came in at 8 percent. No other Democrats got more than 4 percent.

In other numbers:

  • 72 percent to 21 percent, political ideology is an important factor;
  • 67 percent to 23 percent, bipartisanship is important;
  • 71 percent to 24 percent, standing up to Republicans is important;
  • 84 percent to 13 percent, including 75 percent to 25 percent among black voters, that race is not important;
  • 84 percent to 12 percent, including 83 percent to 14 percent among women, that gender is not important.

Meanwhile, the 582 Republicans and Republican-leaning voters said by 56 percent to 35 percent they don't want to see someone running against Trump in a 2020 primary.

The poll showed that 53 percent of American voters say they definitely will not vote for Trump if he is the candidate; 30 percent said they will definitely vote for him and 13 percent would consider voting for him.

Voters also said, by 54 percent to 39 percent, they favor a popular vote to decide the presidency, rather than the Electoral College.

The poll carried a margin of error of plus or minus 3.3 percentage points, with a margin of 5.1 percentage points among Democrats and 5 percentage points among Republicans.

Source: NewsMax Politics

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Whitesnake Frontman David Coverdale Calls US Healthcare ‘Fourth World’

Whitesnake frontman David Coverdale blasted the United States' healthcare system in a new interview, calling it "fourth world."

Coverdale, 67, underwent a double knee replacement in 2017 because of arthritis. He spoke with the "Appetite for Distortion" podcast about a variety of topics, including healthcare.

"I don't wanna get into any politics, but the American medical system, for a European to see, is just bizarre. It's that of a fourth world," said Coverdale, who was born in England but now lives in the U.S. "Everybody should be entitled to first-class healthcare, and particularly for arthritis — not just putting masks on it with medications. That just keeps the pharmaceutical companies happy; it doesn't really do anything for you. I proved that over my 10 years of degenerative arthritis.

"They're Band-Aids — they're just masks that disguise it for a little bit. And my body has supported me. I'm 67 years old, and I'm still working out with new knees. It's crazy, but it was totally necessary, brother."

Blabbermouth.net reported on Coverdale's remarks.

Coverdale added he was having shots for several years in hopes of relieving the pain from his arthritis, "and that's terrible, for instance, on your kidneys."

Source: NewsMax America

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Obama’s DHS Head: Border Problem “Is A Crisis By Any Measure”

Barack Obama’s former head of Homeland Security Jeh Johnson warned Thursday that anyone who is still arguing there is no crisis at the border is being purposefully partisan, because the situation is “a crisis by any measure.”

“This is, in my view, having owned this problem for three years, first, I know what a thousand a day looks like. I saw it myself at border patrol holding stations,” Johnson said.

“I cannot begin to imagine what 4,000 a day looks like. It must overwhelm the system.” he added.

“I think we have to get away from Democrat vs. Republican, crisis vs. no crisis.” Johnson continued.

“This is a crisis by any measure, and the solution inevitably is bipartisan. It has to be bipartisan. It requires a change in law,” Johnson urged.

Johnson, who served as United States Secretary of Homeland Security from 2013 to 2017, now routinely warns that action needs to be taken over immigration.

Last month Johnson told MSNBC “we are truly in a crisis” at the border.

“A little bit of context here. When I was in office in Kirstjen Nielsen’s job, at her desk, I’d get to work around 6:30 in the morning, and there would be my intelligence book sitting on my desk, the PDB, and also the apprehension numbers from the day before,” Johnson said.

“My staff would tell you if it was under 1,000 apprehension the day before, that was a relatively good number, and if it was above 1,000, it was a relatively bad number, and I was going to be in a bad mood the whole day.” he continued.

“On Tuesday there were 4,000 apprehensions. I know that a thousand overwhelms the system. I can’t imagine what 4,000 a day looks like. So, we are truly in a crisis,” he urged.

President Trump this week called Democrat attitudes on the border crisis “treasonous”:

Source: InfoWars

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AP Sources: Mueller Report Is Over 300 Pages long

 Special counsel Robert Mueller's Russia investigation report is more than 300 pages long.

That's according to a Justice Department official and another personal familiar with the report.

The Justice Department official said Attorney General William Barr discussed the length of the report during a phone call Wednesday with House Judiciary Committee Chairman Rep. Jerrold Nadler.

Both people spoke on condition of anonymity to discuss the confidential report.

Barr released a four-page summary of the report on Sunday and is expected to release a public version of the document in the coming weeks.

Source: NewsMax Politics

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FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, days after a string of suicide bomb attacks on Easter Sunday, in Colombo
FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, five days after a string of suicide bomb attacks on Catholic churches and luxury hotels across the island on Easter Sunday, in Colombo, Sri Lanka April 26, 2019. REUTERS/Dinuka Liyanawatte/File Photo

April 26, 2019

By Tom Lasseter and Shri Navaratnam

KATTANKUDY, Sri Lanka (Reuters) – Mohamed Hashim Mohamed Zahran was 12 years old when he began his studies at the Jamiathul Falah Arabic College. He was a nobody, with no claim to scholarship other than ambition.

Zahran and his four brothers and sisters squeezed into a two-room house with their parents in a small seaside town in eastern Sri Lanka; their father was a poor man who sold packets of food on the street and had a reputation for being a petty thief.

“His father didn’t do much,” recalled the school’s vice principal, S.M. Aliyar, laughing out loud.

The boy surprised the school with his sharp mind. For three years, Zahran practiced memorizing the Koran. Next came his studies in Islamic law. But the more he learned, the more Zahran argued that his teachers were too liberal in their reading of the holy book.

“He was against our teaching and the way we interpreted the Koran – he wanted his radical Islam,” said Aliyar. “So we kicked him out.”

Aliyar, now 73 with a long white beard, remembers the day Zahran left in 2005. “His father came and asked, ‘Where can he go?’.”

The school would hear again of Mohamed Zahran. And the world now knows his name. The Sri Lankan government has identified him as the ringleader of a group that carried out a series of Easter Sunday suicide bombings in the country on April 21.

The blasts killed more than 250 people in churches and luxury hotels, one of the deadliest-ever such attacks in South Asia. There were nine suicide bombers who blew apart men, women and children as they sat to pray or ate breakfast.

Most of the attackers were well-educated and from wealthy families, with some having been abroad to study, according to Sri Lankan officials.

That description does not, however, fit their alleged leader, a man said to be in his early 30s, who authorities say died in the slaughter. Zahran was different.

INTELLIGENCE FAILINGS

Sri Lanka’s national leadership has come under heavy criticism for failing to heed warnings from Indian intelligence services – at least three in April alone – that an attack was pending. But Zahran’s path from provincial troublemaker to alleged jihadist mastermind was marked by years of missed or ignored signals that the man with a thick beard and paunch was dangerous.

His increasingly militant brand of Islam was allowed to grow inside a marginalized minority community – barely 10 percent of the country’s roughly 20 million people are Muslim – against a backdrop of a dysfunctional developing nation.

The top official at the nation’s defense ministry resigned on Thursday, saying that some institutions under his charge had failed.

For much of his adult life, Zahran, 33, courted controversy inside the Muslim community itself.

In the internet age, that problem did not stay local. Zahran released online videos calling for jihad and threatening bloodshed.

After the blasts, Islamic State claimed credit and posted a video of Zahran, clutching an assault rifle, standing before the group’s black flag and pledging allegiance to its leader.

The precise relationship between Zahran and Islamic State is not yet known. An official with India’s security services, who spoke on condition of anonymity, said that during a raid on a suspected Islamic State cell by the National Investigation Agency earlier this year officers found copies of Zahran’s videos. The operation was in the state of Tamil Nadu, just across a thin strait of ocean from Sri Lanka.

“LIKE A SPOILED CHILD”

Back in 2005, Zahran was looking to make his way in the world. His hometown of Kattankudy is some seven hours’ drive from Colombo on the other side of the island nation, past the countless palm trees, roadside Buddha statues, cashew hawkers and an occasional lumbering elephant in the bush. It is a town of about 40,000 people, a dot on the eastern coast with no clear future for an impoverished young man who’d just been expelled.

Zahran joined a mosque in 2006, the Dharul Athar, and gained a place on its management committee. But within three years they’d had a falling out.

“He wanted to speak more independently, without taking advice from elders,” said the mosque’s imam, or spiritual leader, M.T.M. Fawaz.

Also, the young man was more conservative, Fawaz said, objecting, for instance, to women wearing bangles or earrings.

“The rest of us come together as community leaders but Zahran wanted to speak for himself,” said Fawaz, a man with broad shoulders lounging with a group of friends in a back office of the mosque after evening prayers. “He was a black sheep who broke free.”

Mohamed Yusuf Mohamed Thaufeek, a friend who met Zahran at school and later became an adherent of his, said the problems revolved around Zahran’s habit of misquoting Islamic scriptures.

The mosque’s committee banned him from preaching for three months in 2009. Zahran stormed off.

“We treated him like a spoiled child, a very narrow-minded person who was always causing some trouble,” said the head of the committee, Mohamed Ismail Mohamed Naushad, a timber supplier who shook his head at the memory.

Now on his own, Zahran began to collect a group of followers who met in what Fawaz described as “a hut”.

At about that time, Zahran, then 23, married a young girl from a small town outside the capital of Colombo and brought his bride back to Kattankudy, according to his sister, Mathaniya.

“I didn’t have much of a connection with her – she was 14,” she said.

Despite being “a bit rough-edged”, Zahran was a skilled speaker and others his age were drawn to his speeches and Koranic lessons, said Thaufeek. He traveled the countryside at times, giving his version of religious instruction as he went.

Also, Zahran had found a popular target: the town’s Sufi population, who practice a form of Islam often described a mystical, but which to conservatives is heresy.

Tensions in the area went back some years. In 2004, there was a grenade attack on a Sufi mosque and in 2006 several homes of Sufis were set afire. Announcements boomed from surrounding mosques at the time calling for a Sufi spiritual leader to be killed, said Sahlan Khalil Rahman, secretary of a trust that oversees a group of Sufi mosques.

He blamed followers of the fundamentalist Wahhabi strain of Islam that some locals say became more popular after funding from Saudi Arabia, the birthplace of Wahhabism, flowed to mosques in Kattankudy.

It was, Rahman said, an effort “to convert Sufis into Wahhabis through this terrorism”. Rahman handed over a photograph album showing charred homes, bullet holes sprayed across an office wall and a shrine’s casket upended.

ONLINE RADICAL

It was an ideal backdrop for Zahran’s bellicose delivery and apparent sense of religious destiny.

He began holding rallies, bellowing insults through loudspeakers that reverberated inside the Sufis’ house of worship as they tried to pray.

In 2012, Zahran started a mosque of his own. The Sufis were alarmed and, Rahman said, passed on complaints to both local law enforcement and eventually national government offices. No action was taken.

The then-officer in charge of Kattankudy police, Ariyabandhu Wedagedara, said in a telephone interview that he couldn’t arrest people simply because of theological differences.

     “The problem at the time was between followers of different Islamic sects – Zahran was not a major troublemaker, but he and followers of other sects, including the Sufis, were at loggerheads,” Wedagedara said.

Zahran found another megaphone: the internet. His Facebook page was taken down after the bombings, but Muslims in the area said his video clips had previously achieved notoriety.

His speeches went from denouncing Sufis to “kafirs”, or non-believers, in general. Zahran’s sister, Mathaniya, said in an interview that she thought “his ideas became more radical from listening to Islamic State views on the Internet”.

In one undated video, Zahran, in a white tunic and standing in front of an image of flames, boomed in a loud voice: “You will not have time to pick up the remains of blown-up bodies. We’ll keep sending those insulting Allah to hell.”

“HARD TO TAKE”

Zahran spoke in Tamil, making his words available to young Muslims clicking on their cellphones in Kattankudy and other towns like it during a period when, in both 2014 and 2018, reports and images spread of Sinhalese Buddhists rioting against Muslims in Sri Lanka.

In 2017, Zahran’s confrontations boiled over. At a rally near a Sufi community, his followers came wielding swords. At least one man was hacked and hospitalized. The police arrested several people connected to Zahran, including his father and one of his brothers. Zahran slipped away from public view.

That December, the mosque Zahran founded released a public notice disowning him. Thaufeek, his friend from school, is now the head. He counted the places that Zahran had been driven away from – his school, the Dharul Athar mosque and then, “we ourselves kicked him out, which would have been hard for him to take”.

The next year, a group of Buddha statues was vandalized in the town of Mawanella, about five hours drive from Kattankudy. There, in the lush mountains of Sri Lanka’s interior, Zahran had taken up temporary residence.

“He was preaching to kill people,” said A.G.M. Anees, who has served as an imam at a small mosque in the area for a decade. “This is not Islam, this is violence.”

Zahran went into hiding once more.

On the Thursday morning before the Easter Sunday bombings, Zahran’s sister-in-law knocked on the door of a neighbor who did seamstress work near Kattankudy. She handed over a parcel of fabric and asked for it to be sewn into a tunic by the end of the day.

“She said she was going on a family trip,” said the neighbor, M.H. Sithi Nazlya.

Zahran’s sister says that her parents turned off their cellphones on the Friday. On Sunday, when she visited their home, they were gone.

She does not know if Zahran arranged for them to be taken somewhere safe. Or why he would have carried out the bombing.

But now in Kattankudy, and in many other places, people are talking about Mohamed Hashim Mohamed Zahran.

(Reporting by Tom Lasseter and Shri Navaratnam; Additional reporting by Sanjeev Miglani, Shihar Aneez and Alasdair Pal; Editing by John Chalmers and Alex Richardson)

Source: OANN

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A Wells Fargo logo is seen in New York City
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

April 26, 2019

By Jessica DiNapoli and Imani Moise

NEW YORK (Reuters) – Wells Fargo & Co’s board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said.

Wells Fargo’s ambition to become the only major U.S. bank with a female CEO underscores the need to restore its image with a wide range of constituents, including customers, shareholders, regulators and politicians, after it became mired in a scandal in 2016 for opening potentially millions of unauthorized accounts.

Former CEO Tim Sloan left abruptly last month, becoming the second CEO to leave the bank in the scandal’s fallout.

The board plans to approach Citigroup Inc’s Latin America chief Jane Fraser, one of the sources said. During Fraser’s 15-year tenure at Citigroup, she has gained experience running consumer and commercial businesses as well as its private bank.

Fraser could not be immediately reached for comment.

The board also discussed approaching JPMorgan Chase & Co’s Marianne Lake, but after the bank named her to run JPMorgan’s consumer lending business last week, that option became less viable, the source added. The board wants someone who can convince regulators, employees, investors and customers that the bank has fixed problems underpinning the sales scandal, the sources said.

The bank’s board feels that choosing a woman might please lawmakers in Washington who have been critical not only of Wells Fargo’s misbehavior, but of the broader banking industry for a lack of diversity and gender equality, said the sources, who spoke on the condition of anonymity.

It also believes that such a move could bolster Wells Fargo’s image with the households of customers where women play a leading role in managing finances, one of the sources added.

The new CEO will also have to resolve litigation and regulatory matters. There are 14 outstanding consent orders with government entities, as well as probes by the U.S. Securities and Exchange Commission, the Department of Labor and the Department of Justice.

To be sure, Spencer Stuart will approach and consider several male candidates for the CEO job as well, one of the sources said. The top priority is to find an external candidate who can navigate the bank’s regulatory issues, the source added.

Finding an outsider who meets all those qualifications and wants the job will be difficult, the sources said. There are few people with the necessary experience, even fewer of those who are women, and it is not clear if any of the obvious candidates would be open to taking the role.

The sources asked not to be identified because Wells Fargo’s board deliberations are confidential.

Spokespeople for Wells Fargo and Spencer Stuart declined to comment.

Wells Fargo’s board has not made any public statements about its requirements for a new CEO, beyond Chair Betsy Duke saying the job should attract the “top talent in banking.”

The board wants to complete the search within the next three to six months, one of the sources said.

STALLED SHARES

After Sloan’s ouster, Wells Fargo’s board appointed Allen Parker, who had been general counsel, as interim CEO. The board has said it is looking for an external candidate as a permanent replacement. It is not clear whether Parker will stay at the bank.

Others whose names have been mentioned by analysts, recruiters and industry sources as perspective CEO candidates include Alphabet Inc finance chief Ruth Porat and Bank of America Corp’s chief technology officer Cathy Bessant.

Wells Fargo shares have stalled since Sloan’s departure on March 29th, while the KBW Bank index has rallied more than 7 percent.

Wells Fargo would be “the best stock on earth to buy” if it had the right CEO, said Greg Donaldson, chairman of Donaldson Capital Management in Indiana.

Donaldson held about 50,000 Wells Fargo shares, but sold the stake last year as problems mounted. The CEO change could convince him to re-invest, depending on who it is, he told Reuters.

“It would be very smart for them to get a woman,” he said.

(Reporting by Jessica DiNapoli and Imani Moise in New York; Editing by Lauren Tara LaCapra, Greg Roumeliotis and Susan Thomas)

Source: OANN

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Source: OANN

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

Source: OANN

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

Source: OANN

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