April, 2019

• 24 April

  Wells Fargo interim CEO faces hecklers’ shouts of ‘frauds’

  

  Bloomberg Wells Fargo & Co.’s critics stormed its annual meeting in Dallas, vowing to keep pressure on the bank even after the resignation of its chief executive officer. Investors, however, showed they’re ready to move on. Interim Chief Executive Officer C. Allen Parker was interrupted more than a dozen times as he tried to deliver opening remarks at the gathering, ...

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• 24 April

  Credit Suisse ends string of losses in trading

  

  Bloomberg Credit Suisse Group AG’s troubled trading business is finally bringing some much needed to relief to Chief Executive Officer Tidjane Thiam. The global markets unit — a focus of painful cuts and a perennial headache for the CEO — did better than top Wall Street banks in a period that rival UBS Group AG described as one of the ...

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• 24 April

  UK kick-starts search for Carney successor at BOE

  

  Bloomberg The UK formally kick-started its search for Mark Carney’s successor as the governor of the Bank of England (BOE), a role that’s been linked to both senior people within the institution and ex-central bankers around the world. Canadian-born Carney was the first foreigner to run the BOE, and Chancellor of the Exchequer Philip Hammond has said he’s willing to ...

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• 24 April

  S African banks entice millennials with concerts, free food

  

  Bloomberg From free burgers and ride-hailing services to hip-hop concerts and discounted gasoline: South African banks are going all out to win customers as competition hots up. The biggest lenders are facing an onslaught of entrants for the first time in 12 years. They’re responding before the newcomers find their feet by pushing loyalty programs, revamping digital offerings for technology-savvy ...

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• 24 April

  Sainsbury needs ‘miracle’ ahead of ruling on Asda deal

  

  Bloomberg The UK’s antitrust regulator will publish its final decision on Thursday on J Sainsbury Plc’s 7.3 billion-pound ($9.4 billion) plan to buy Walmart Inc’s Asda, after attaching harsher-than-expected conditions to the deal in February. Sainsbury’s attempt to buy the grocer — which would create the biggest UK supermarket chain — looked close to collapse in February after the Competition ...

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• 24 April

  Germany clears Bombardier planes after Berlin mishap

  

  Bloomberg Germany has cleared the remaining three Bombardier Global 5000 jets in the government fleet to continue flying following the forced landing of one of the aircraft in Berlin. The cause of a recent emergency, which closed the capital’s Schoenefeld airport for several hours and led to widespread delays, is still being investigated but a “systemic failure” can already be ...

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• 24 April

  Cathay cracks down on inflight-supplies theft

  

  Bloomberg Cathay Pacific Airways Ltd is cracking down on flight attendants taking in-flight supplies such as cutlery and ice cream, the South China Morning Post said, citing company and cabin crew sources. The Hong Kong carrier started spot checks by security officials at its home base to prevent such theft, long considered an unofficial perk by staff, the newspaper said. ...

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• 24 April

  Ahold says Stop & Shop strikes to hurt profits

  

  Bloomberg Supermarket operator Royal Ahold Delhaize NV lowered its profit forecast due to an 11-day strike at its Stop & Shop chain in the US that crippled sales, spoiled produce and drew support from several Democratic presidential candidates. The Dutch-Belgian retailer reached a tentative agreement with five local units, allowing employees to return to work. The strike affected 246 of ...

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• 24 April

  Taiwanese health food maker mulls acquisition

  

  Bloomberg TCI Co is in talks with a health food maker about a potential acquisition this year that’s aimed at diversifying its production base, the company says. The company hopes consumers will be more interested in the products it makes if it has factories outside China and Taiwan, executive deputy general manager William Liao said in an interview. TCI is ...

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• 24 April

  Four Seasons adds A321LR for $147,000-a-seat ‘flights’

  

  Bloomberg Four Seasons Hotels & Resorts announced that it’s in the process of converting another private jet to its fleet in 2021, to replace the current one, which premiered in 2015 for extravagant group excursions. Like the previous model, the new plane allows travellers to book bespoke adventures around the world, with Four Seasons arranging the trip itinerary and lodging ...

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