Bloomberg Wells Fargo & Co. hasn’t yet satisfied one of the regulators responsible for deciding whether the bank is properly reimbursing customers who might have been harmed by recent scandals involving its auto-lending and mortgage businesses. “We are not comfortable where we are with them,” Joseph Otting, chief of the Office of the Comptroller of the Currency, told senators at ...

Bloomberg As Danske Bank A/S struggles through its worst crisis this century, it’s also undergoing an historic shift in its upper ranks. Denmark’s biggest bank has lost six of its highest-ranking people since December, including its chief executive officer, its chief financial officer, its general counsel and its heads of international banking and wealth management. The bank’s chairman has signaled ...

Bloomberg Delta Air Lines Inc. is taking a $30 million blow from Hurricane Florence. The hit to pretax earnings amounted to a 0.5 percentage point drag on total revenue for each seat flown a mile last quarter, the Atlanta-based airline said in a statement. The closely followed financial gauge probably climbed about 4 percent to 4.5 percent last quarter, the ...

Bloomberg Trying to predict the price of plane tickets has become something of a parlour game for companies looking to stand out in the online travel business. Microsoft Corp gave it a shot with Bing Travel before abandoning the feature several years ago. Kayak offers its own buying advice tool, with a warning that draws comparisons to the reliability of ...

Bloomberg EasyJet Plc has partnered with Virgin Atlantic Airways Ltd. for connections at its London Gatwick base, giving passengers on mainland Europe easy access to routes across the Atlantic. Connecting with Virgin flights will open up destinations including Las Vegas, Orlando, Antigua and St. Lucia, the carriers said in a joint statement. Similar agreements are already in place with the ...

Bloomberg Jeff Bezos scored a public-relations victory by giving his workers a raise, even drawing praise from Amazon.com Inc. scold Bernie Sanders. But at its root, the $15-an-hour minimum pay is an incentive for people to come work for Amazon — rather than Walmart or Target — as the retail industry gears up for the holiday shopping season amid historically ...

Dubai / Emirates Business­­­­­ Following the launch of new smartphones from leading brands, Jumbo Electronics, the leading omnichannel retailer in the region, is forecasting that smartphones will drive sales at this year’s edition of Gitex Shopper, scheduled to be held till October 6 at Dubai World Trade Centre (DWTC). During the five-day event, the new iPhone XS/XS Max, Samsung Note ...

Bloomberg JC Penney Co named Jill Soltau as its first female chief executive officer, bringing her 30 years of retail experience to the embattled department-store chain. Soltau, who has served as CEO of Joann Stores since 2015, will step into the role on October 15, JC Penney said in a statement. Shares of the retailer surged as much as 12 ...

Bloomberg Oil traded near the highest level in almost four years as investors grapple with doubts over OPEC’s ability to replace falling exports from Iran. Futures rose 0.2 percent in New York after closing at the highest since November 2014. Iranian crude and condensate exports declined to their lowest in 2 1/2 years before the impending return of US sanctions. ...

DUBAI / WAM Emirates NBD announced the introduction of Friday banking at three of its mall branches — Dubai Mall, Mall of the Emirates, and Mirdif City Centre. Customers now have the flexibility to conduct banking at their own convenience, with these bra-nches now open on Friday between 3 and 9pm. The new Friday hours will enable customers to open ...