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 …