Bloomberg Wells Fargo & Co. cut Chief Executive Officer (CEO) Charlie Scharf’s compensation about 12% for 2020, a year in which shares tumbled and the company slashed its dividend and reported its first quarterly loss since 2008. The board paid Scharf $20.3 million for 2020, his first full year atop Wells Fargo, down from $23 million for 2019. The San Francisco-based ...

Bloomberg Ghana banks are extending relief measures to cushion clients from fallout of pandemic as a resurgence in the number of infections threatens an economic recovery. Lenders are retaining measures such as reduced borrowing costs, restructured credit facilities and repayment holidays to customers into 2021 to “ensure that the wheels of the economy continue grinding,” John Awuah, chief executive officer ...

Bloomberg Jaguar’s classics department has announced it will make eight more of the curvaceous C-Type that was originally produced from 1951 to 1953. The continuation cars, set to converge on a special track day in 2022 to mark 70 years since the original release, will be the fourth of its kind for the Coventry, England-based company. Jaguar started developing Jaguar ...