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Wells Fargo, consumers made last ditch efforts to rescue $142mn bogus-account settlement

Bloomberg Both sides of Wells Fargo & Co.’s $142 million settlement over its fake-accounts scandal made last-ditch efforts to salvage the class-action pact after a federal judge voiced misgivings about some of its terms. Lawyers for the bank and customers submitted new information in an attempt to address U.S District Judge Vince Chhabria’s concerns that the deal shortchanges consumers and ...

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Steinhoff plans Africa spinoff after US$3 billion expansion

Bloomberg Steinhoff International Holdings NV plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings Ltd. The company said it will seek to list businesses including clothing retailer Pepkor and furniture chain JD Group Ltd. on the Johannesburg Stock Exchange, about 18 months after ...

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Etihad, Ellery mark 10-year milestone at Mercedes-Benz Fashion Week Australia

Abu Dhabi / Emirates Business Distinguished Australian designer, Ellery, co-hosted an exclusive event – ELLERY X ETIHAD AIRWAYS – together with the Abu Dhabi-based airline at Mercedes-Benz Fashion Week Australia. The event celebrated ELLERY’s 10th year since showing for the first time at Australian Fashion Week with a retrospective of iconic looks from the ELLERY archive. Etihad Airways celebrated its ...

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