Abu Dhabi / Emirates Business Malabar Gold & Diamonds, one of the world’s largest gold and diamond jewellery retailer, announces a major investment amounting AED335 million (US$91.28 million) in expansion plans of its retail network. The plan will see an addition of 24 stores in three months, from January to March period, taking the number of total outlets to ...

  Wells Fargo is planning to launch new compensation packages for its employees that aim to reward customer satisfaction. And 25,000 entry-level workers, including tellers and customer-service reps, received raises that bring minimum pay from $12 to $13.50 per hour. These are positive steps towards digging out from a badly mismanaged scandal. In September, the bank was fined $185 million ...

  Don’t leap to conclusions about JPMorgan Chase & Co.’s decision to upgrade its assessment of Indonesia’s stock market. The New York-based bank has elevated internal compliance to nuisance levels in Asia since a scandal over its hiring practices in China broke three years ago, people who work at JPMorgan tell me. In such an environment, the Indonesia rating change ...