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(Reuters) – Wells Fargo (WFC.N) received a warning from the Office of the Comptroller of the Currency (OCC) in recent weeks related to its technology operations, the Wall Street Journal reported on Wednesday citing people familiar with the matter. The bank also has failed or isn’t expected to meet deadlines on around two dozen technology-focused OCC regulatory warnings known as ‘Matters Requiring Attention’ that have been issued since 2014 or earlier, the WSJ reported on.wsj.com/2QqLVe5 tiffany cufflinks amazon uk sale. The warning adds to the bank’s list of woes since the sales scandal erupted more than two years ago. (reut.rs/2STESft)..

NEW YORK (Reuters) – Ryanair Holdings Plc (RYAAY.O) and longtime Chief Executive Michael O’Leary have been sued in New York by a shareholder that said Europe’s largest airline defrauded investors and inflated its share price by overstating its ability to manage labor relations and keep costs down. The complaint was filed on Tuesday night in the U.S. District Court in Manhattan by an Alabama pension fund, seeking class-action status and damages for investors in Ryanair’s American depositary shares from May 30, 2017 to Sept. 28, 2018 tiffany cufflinks amazon uk sale.

In a statement on Wednesday, Dublin-based Ryanair said it will defend itself against the claims, which it called “false” and “doomed to fail.” tiffany cufflinks amazon uk sale. According to the complaint, Ryanair misled investors in regulatory filings and conference calls about its labor stability, including “industry leading” contracts with pilots and cabin crews, and its positive impact on operations. The truth came out as labor unrest forced Ryanair last December to recognize unions for the first time, and led this summer to costly strikes that stranded thousands of passengers in several countries, the complaint said..

“Unbeknownst to investors, the company’s historical profit growth was built on an undisclosed and unsustainable foundation of worker exploitation and employee turnover,” the complaint said. “The decline in the price of Ryanair ADSs was the direct result of the nature and extent of defendants’ fraud finally being revealed to investors and the market.”. Ryanair cited labor issues when it cut its full-year profit forecast on Oct. 1 tiffany cufflinks amazon uk sale. Its share price closed that day more than one-third below its level in mid-March..

In Wednesday’s statement, Ryanair said it has experienced “very little” labor disruption from employees, and that most flight disruptions resulted from air traffic control strikes and staff shortages, a problem common to European Union airlines. O’Leary, Ryanair’s chief executive since 1994, said last month he hoped to reach labor agreements with all of the carrier’s major unions before Christmas. ADSs on June 30 accounted for 43.7 percent of Ryanair’s issued ordinary shares, assuming all were converted into ordinary shares, the company has said. Ryanair’s market value is roughly $16 billion, according to Refinitiv data tiffany cufflinks amazon uk sale.