Banking and Finance

Provident Financial Holdings, Inc., listed on NASDAQ GS as PROV, serving as the holding entity for Provident Savings Bank, F.S.B., has announced the appointment of Tam B. Nguyen as Senior Vice President, Chief Financial Officer, and Corporate Secretary of both the Company and the Bank, effective January 2, 2024. This...

Sam Altman's recent reinstatement as OpenAI CEO after a brief dismissal coincided with the potential gains linked to the development of ChatGPT by the company, even in his absence. During his CEO tenure, OpenAI signed a letter of intent to invest $51 million in AI chips from Rain AI, a...

Alaska Airlines has entered into an agreement to acquire Hawaiian Airlines, a deal estimated at around $1.9 billion. The amalgamated entity will be headquartered in Seattle, the base of Alaska Airlines, and led by its current CEO, Ben Minicucci. Both airlines aim to integrate their resources while preserving their individual...

Denise Dettingmeijer has been appointed as the new Chief Financial Officer of Medical Solutions, commencing on December 1, 2023. She takes over from Dan Shedivy, who will continue supporting the company until early January to ensure a smooth transition. Headquartered in Omaha, Neb., Medical Solutions operates as one of the...

Nucleus Financial Platforms Group has appointed Alexander Filshie as its incoming Chief Financial Officer, pending regulatory approval. Effective immediately, Filshie assumes this role from Mike Regan, who transitions, as previously announced, to the position of Chief Commercial Officer. Regan, in turn, succeeds Alex Kovach, who will depart by year-end. Filshie...

E&P Financial Group has expedited the appointment of its new Chief Executive and Managing Director. Initially scheduled for the beginning of 2024, Ben Keeble's assumption of this role will now begin this month, ahead of the previously planned timeline. Keeble, formerly the managing director of E&P Capital, the corporate and...

Lundin Mining Corporation (TSX: LUN) (Nasdaq Stockholm: LUMI) has provided an update on its CEO transition plan, sharing that Jack Lundin will now formally step into the role of Chief Executive Officer, effective immediately, following the Board of Directors' agreement. Additionally, Mr. Lundin is set to join the Board on...

Patrick Frost, the CEO of Swiss Life (SLHN.S), is set to step down from his position in May 2024, as announced by Switzerland's largest life insurer on Monday. Having served as CEO for a decade, Frost will be succeeded by Matthias Aellig, the current Chief Financial Officer (CFO) of Swiss...

During the early phase of the pandemic, there was a significant increase in home sales across the United States. This surge in homeownership was the most substantial quarterly increase in homeownership rates since record-keeping began in the mid-1960s, with the rate rising from 65.3 percent to 67.9 percent between the...

When the world changed more slowly, when we had fewer unknown unknowns and less complexity, we thought we could have clear long-term strategies.  The leading strategic consulting firms capitalized on this and were able to sell, for millions, volumes of well-reasoned arguments about where the world was going and how...