Banking and Finance

In a bold bid to reshape the Italian banking landscape, UniCredit announced on Monday its intent to acquire domestic competitor Banco BPM in a transaction valued at approximately $10.5 billion. This move, described by the bank as independent of its ongoing efforts to deepen ties with German lender Commerzbank, aims...

Air India SATS Airport Services (AISATS), a prominent player in airport management, recently named Ramanathan Rajamani as its new Chief Executive Officer (CEO). With over 20 years of experience under his belt, Rajamani is poised to drive innovation and operational efficiency at AISATS. Notably, this isn't his first time at...

The high cost of flying in and out of Darwin has once again come under scrutiny as Airport Development Group (ADG), the facility’s owner, moves to increase landing fees. This decision is expected to exert further upward pressure on airfares, adding to the financial burden on travelers. Darwin has long...

Prometheus Hyperscale, a developer of sustainable data center infrastructure, has appointed former BP CEO Bernard Looney as its chairman. Looney, who departed BP in September 2023, joins the company as it pursues ambitious plans to build a 1GW hyperscale data center campus in Wyoming. Looney explained on LinkedIn that he...

Subway, one of the world’s largest restaurant chains, has announced that Global Chief Executive Officer (CEO) John Chidsey will retire at the close of 2024, concluding five years of transformative leadership. During this period, the company saw substantial growth and innovation under his guidance. Carrie Walsh, currently serving as President...

Samsung Electronics announced significant leadership changes within its semiconductor division on November 27, reshuffling top executives in its memory and foundry units. Despite these changes, Vice Chairmen Jun Young-hyun and Han Jong-hee will continue to share leadership responsibilities. This reorganization, part of Samsung’s annual executive overhaul for 2025, is designed...

Mondee Holdings, Inc. (Nasdaq: MOND), a prominent travel marketplace and AI technology firm, disclosed that it has received a notification from the Nasdaq Stock Market’s Listing Qualifications Department. The notice, dated November 20, 2024, indicated non-compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely filings with the U.S. Securities and...

Wipro has announced the appointment of Omkar Nisal as the Chief Executive Officer of its Europe Strategic Market Unit (SMU), with his new role taking effect immediately. Nisal will report directly to Srini Pallia, Wipro’s Chief Executive Officer and Managing Director, and will also become a member of the Wipro...

Circana, a top advisor on consumer behavior, has announced that Stuart Aitken will assume the role of President and CEO starting January 1, 2025. He will replace Kirk Perry, who has chosen to step down but will continue to serve on the Circana Board of Directors. Alongside his new role,...

HSBC Innovation Banking UK has announced the appointment of Emily Turner, a former Citi executive, as its new CEO. She will take on the role starting February 2025. Turner will succeed Erin Platts, who is set to step down in December to assume the CEO position at Octopus Ventures, a...