Banking and Finance

MBM Resources Bhd has named Rizal Mohd Zin as the new group CEO, effective as of January 2, 2024. The company highlighted that Rizal, aged 48, brings with him over two decades of expertise in corporate strategy planning, execution, transformation, performance management, mergers and acquisitions (M&A), and investment management. Previously, Rizal...

The Board of Golden Ocean Group Limited has announced the selection of Mr. Lars-Christian Svensen as the CEO of Golden Ocean Management AS, effective from January 1, 2024. Mr. Svensen, who presently serves as the Interim CEO of Golden Ocean Management AS, previously held the position of Golden Ocean’s Chief...

Airtel Africa announced the upcoming retirement of Chief Executive Officer Olusegun Ogunsanya, to be succeeded by Sunil Taldar, effective mid-year. Taldar will join the board as an executive director and take over as CEO on July 1. Ogunsanya will step down from both the board and his position within the...

Francoise Bettencourt Meyers has recently become the first woman ever to accumulate a fortune of $100 billion, marking an incredible achievement for both herself and the French fashion and cosmetics industries. This milestone was reached as L'Oreal SA's shares, the beauty products empire founded by her grandfather, soared to a...

So much for change, hedge-fund billionaire Steve Cohen, the founder of Point72 Asset Management, owns the New York Mets and strives to rejuvenate the baseball franchise after years of lackluster performance. He has also partnered with Hard Rock International to secure a new casino license, offering Mets fans the chance...

Mark Cuban, a successful entrepreneur and investor, has a history of selling his ventures at the right time. Before the dot-com bubble burst, he sold his radio-streaming website, broadcast.com, and purchased the Dallas Mavericks in 2000 for $285 million. Under his ownership, the team won three division titles, two conference...

In 2023, it was a challenging year for Carl Icahn due to a sharp drop in his fortune of $18.1 billion, including a loss of over $10 billion in a single day after the short-seller Hindenburg Research caused a meltdown. Cahn refutes allegations and accuses Hindenburg CEO of writing misleading...

Japanese business mogul Masayoshi Son took a significant risk by investing in WeWork, which ultimately collapsed in 2023, despite Softbank pumping more than $14 billion into the firm. Many are now questioning his decision to continue injecting funds into Adam Neumann's remote-work business despite its obvious struggles. Son hasn't let...

In 2023, Changpeng Zhao, the 46-year-old founder of Binance, faced multiple challenges. His company, the world's biggest crypto exchange, pleaded guilty to money laundering and US sanctions violations. As a result, he agreed to pay a $50 million fine and step down as Chief Executive Officer. Additionally, Binance will have...

As per a recent SEC Filing on December 26, 2023, Robert Hau, Chief Financial Officer at Fiserv Inc., sold 188,088 shares in the company. Fiserv Inc. operates globally, providing financial services technology to an array of clients. Over the past year, this insider has sold a total of 196,588 shares...