Bloomberg Wells Fargo & Co. has hired a new head lobbyist in Washington, as the bank works to restore its standing after a series of consumer-abuse scandals that have tarnished its brand and infuriated lawmakers. Brian Smith, 52, will join Wells next month, according to a memo sent out by William Daley, the bank’s vice chairman of public affairs. Smith, ...

Bloomberg South African Airways (SAA) plans to lay off its entire 4,700-strong workforce after failing to persuade the government to provide more financial help, a move that threatens to ground the 86-year-old national carrier for good. The state-owned airline has offered severance deals to all staff from the end of this month after administrators concluded that a successful turnaround is ...

Bloomberg Virgin Australia Holdings Ltd has been offered a A$200 million ($127 million) lifeline from the Queensland government less than 24 hours after Australia’s Deputy Prime Minister all but ruled out nationalising the embattled carrier. The funding is conditional on the Federal government coordinating a response involving all states and territories. Under the proposal the company would remain headquartered in ...