The U.S. Securities and Exchange Commission accused a former Bank of America (BAC.N) senior banker, Satsky, of involvement in insider trading.

Volkswagen’s CEO said the company currently offers about 150 models across its brands and plans to cut that to about 75 by eliminating trim variants and duplicate models.

Shenzhen Meteorological Observatory at 17:52 on Aug 22 upgraded a localized heavy-rain warning from yellow to orange for parts of Longgang and Longhua districts after strong rainfall in the past hour in Pinghu, Longcheng, Henggang and Yuanshan (Longgang) and Guanhu, Fucheng and Guanlan (Longhua). Another 20–40 mm of rain is expected over the next 1–2 hours; elevated risk of urban inundation, flash floods from mountain torrents, landslides and debris flows in the affected areas; city on heavy-rain alert.