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Last May, Wells Fargo reached a $480 million settlement of a securities fraud lawsuit brought by shareholders over the unauthorized accounts. On Wednesday, Wells Fargo said it might have to pay up to $2.7 billion more than it had set aside as of Dec. 31 to resolve legal matters, up from $2.2 billion three months earlier vintage mother of pearl cufflinks. In January, Wells Fargo issued a report saying it had improved risk oversight and accountability, including by eliminating sales goals and clawing back compensation from executives..
(Reuters) – Amazon.com Inc plans to open dozens of grocery stores across the United States as it looks to expand in the food business, the Wall Street Journal reported on Friday, citing people familiar with the matter vintage mother of pearl cufflinks. Amazon is also exploring a strategy of strengthening its new supermarket brand by purchasing regional grocery chains that operate at least a dozen stores, according to the report. Shares of grocers such as Walmart were down 0.99 percent while Costco traded up 0.21 percent up. Kroger traded down over 4 percent. Amazon was up 1.68 percent..
Amazon, which bought the upscale Whole Foods chain for $13.7 billion in 2017, is now in talks to open grocery stores in shopping centers in San Francisco, Seattle, Chicago, Washington, D.C., and Philadelphia, the WSJ report said. The online retail giant plans to open its first store in Los Angeles as early as the end of the year, and has already signed leases for at least two other grocery locations with openings planned for early next year, the Journal reported vintage mother of pearl cufflinks. The new stores were not intended to compete directly with Whole Foods, according to the report..
Amazon declined to comment. “We’re not surprised,” said David Bujnicki, in charge of investor relations at Kimco Realty Corp , an owner or manager of 437 mostly grocery-anchored shopping centers vintage mother of pearl cufflinks. Amazon is slow but deliberate when rolling out new brick and mortar concepts, he said. He added that a new grocer would validate the need for physical stores, a business that has been hit hard by e-commerce, whose surge Amazon has led. Amazon rival Walmart, the largest grocer in the country, has not been caught off guard as it has been preparing for competition to heat up for nearly two years, according to a source with knowledge of the company’s business plans..
PARIS (Reuters) – BNP Paribas reached an agreement with unions over a plan to cut as many as 2,500 jobs at its Belgian retail banking unit by 2021 as part of an effort to bring down costs. The bank expects most of the departures at BNP Paribas Fortis to come through attrition and it will offer an early retirement to 800 workers aged 58 and over, said spokesman Valery Halloy vintage mother of pearl cufflinks. The bank employs 13,000 people in Belgium. “There will be no unvoluntary layoffs for the next three years,” he said. As part of the agreement, the remaining workers accepted to work an additional hour per week..