Banking and Finance

The United Kingdom is home to several of the most important banks in Europe. Two UK-based banks - HSBC and Lloyds Banking Group – are the country's largest banks and rank among the top 10 European banks in market capitalization. Both banks have a market capitalization above 30 billion British...

Originating from China and now headquartered in Singapore, Shein has been a disruptive force in the e-commerce sector, but its IPO aspirations in the US have encountered formidable obstacles, prompting the company to contemplate alternative strategies that could reshape its trajectory and the broader business landscape. Facing intensified scrutiny from...

Snowflake, a leading cloud software company, revealed on Wednesday that CEO Frank Slootman, who spearheaded its journey since 2019 and led its landmark IPO in 2020, is retiring. Slootman, 65, will be succeeded by Sridhar Ramaswamy, former Google ad chief. The announcement caused Snowflake's shares to plummet by 24% in...

In a groundbreaking move, Reddit revealed its intention to go public with an Initial Public Offering (IPO) scheduled for March 2024. What sets Reddit's IPO apart is its unconventional approach of allowing its most active users, including moderators, to purchase shares. This innovative strategy aims to cultivate a sense of...

In a strategic move aimed at bolstering its financial leadership, Mercer Advisors has named Gün Keresteci as its new Chief Financial Officer, succeeding Michael Henry, who transitions to the role of Vice President of M&A Finance. Henry had served as CFO since 2020. Dave Welling, CEO of Mercer Advisors, emphasized...

C3 AI (NYSE: AI), a leading Enterprise AI application software company, has announced the appointment of Hitesh Lath as its Chief Financial Officer, effective March 1, 2024. Lath will succeed Juho Parkkinen, who has served in the role since 2021 and will transition to the position of Vice President of...

FIGS, a prominent player in the healthcare apparel industry, announced on February 26, 2024, the resignation of its Chief Financial Officer and Principal Accounting Officer, Daniella Turenshine, effective April 12, 2024. Kevin Fosty, currently the VP, Controller, will step in as the Interim CFO while the search for a permanent...

ADMA Biologics, Inc. (Nasdaq: ADMA), a leading end-to-end commercial biopharmaceutical entity, disclosed a significant leadership change today. Brian Lenz, who currently serves as Executive Vice President, Chief Financial Officer & General Manager of ADMA BioCenters, will be transitioning from these roles to a consulting capacity, effective April 1, 2024. In...

Unipar, a prominent Brazilian chemicals producer, announced the resignation of its Chief Financial Officer, Antonio Campos Rabello, effective as of February 29th. Alongside his CFO role, Campos Rabello also served as the company's Investor Relations Officer. In response to this transition, Unipar disclosed that Rodrigo Cannaval, the company's Executive Industrial Officer,...

The dawn broke with a surprising twist in Silicon Valley as Synaptics Inc., a prominent semiconductor manufacturer, announced the sudden resignation of its Chief Financial Officer, Dean Butler, effective immediately. The news sent ripples through the corridors of Synaptics' headquarters, eliciting a blend of astonishment and anticipation among employees and...