U.S. Probing Whether Malaysian Fugitive Laundered Funds to Pay Chris Christie and Trump Lawyer – WSJ

The U.S. Justice Department is investigating whether a fugitive Malaysian financier laundered tens of millions of dollars through two associates and used the funds to pay a U.S. legal team that includes former New Jersey Gov. Chris Christie and a lawyer who represents President Trump, according to people familiar with the matter. Jho Low, the…

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Wells Fargo Employees Altered Information on Business Customers’ Documents – WSJ

Some employees in a Wells Fargo WFC +0.15% & Co. unit that handles business banking improperly altered information on documents related to corporate customers, according to people familiar with the matter. The behavior again raises questions about Wells Fargo’s risk-management practices and controls. The bank has been sanctioned in recent months by federal regulators for problems in these areas…

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Trump Proposes Cutting State Department Budget by 37% – WSJ

WASHINGTON—The Trump administration is proposing deep cuts in U.S. diplomatic and foreign-aid funding while dramatically increasing defense expenditures, a bid to fundamentally shift the emphasis of U.S. foreign policy that has sparked fierce criticism from lawmakers and international-affairs experts. The White House has proposed a spending cut of 37% to the State Department and U.S….

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