Banking and Finance

Lyttle has announced his intention to step down from his position, though he plans to collaborate with the leadership team and board during the search for his successor over the coming months. Reflecting on his tenure, Lyttle expressed pride in leading the company over the past five years, emphasizing the...

Nigerian business tycoon Aliko Dangote has seen his fortune grow substantially, rising from $13 billion to $27.8 billion following the launch of his new refinery in Lagos. This significant increase in wealth has further cemented his position as Africa's richest man and elevated him to 65th place on the global...

The Financial Industry Regulatory Authority (FINRA) has issued fines against Investment Network, Inc. (INI) and its CEO, Gary L. Arnold, following findings of misconduct related to the sale of private placement offerings of pre-initial public offering (pre-IPO) funds to retail customers. These violations occurred between October 2020 and May 2021....

Rose Acre Farms, based in Seymour, Indiana, has appointed Tony Wesner as its new Chief Executive Officer and Chairman of the Board of Directors. Wesner, who previously held the position of Chief Operating Officer, succeeds Marcus Rust, who will move into an advisory role as the company’s Chief Visionary Officer....

Mark Koziel, CPA, CGMA, has been named the next CEO of AICPA & CIMA, which jointly operate as the Association of International Certified Professional Accountants. His appointment follows a global search for a successor to Barry Melancon, CPA, CGMA, the longest-serving CEO in AICPA's history, who announced his retirement earlier...

The Tokyo Stock Exchange (TSE) is shifting its focus toward fostering meaningful communication between companies and investors rather than dictating how businesses should operate, according to its head. On Thursday, Hiromi Yamaji, CEO of Japan Exchange Group, which manages the TSE, stated during a press briefing in Tokyo that the...

Japan experienced its largest export decline since early 2021 in September, casting doubt on the strength of its economic recovery amid weakening global demand. According to a report from the Ministry of Finance, exports fell by 1.7% year-on-year, driven by a drop in shipments of cars, mineral fuels, and construction...

Takeshi Okada has been named the new President and CEO of Warner Music Japan, with his official start date set for December 2nd. He will report to Simon Robson, who is currently overseeing Warner Music Group's recorded business in the Asia-Pacific region until a permanent successor is found. Simon Robson...

Arch Capital Group Ltd., the Bermuda-based re/insurer, has announced that Nicolas Papadopoulo has been appointed as the new Chief Executive Officer and has also joined the company's board of directors, effective immediately. Papadopoulo, who has served as Arch’s President and Chief Underwriting Officer (CUO) since 2021, has held various leadership...

Brian Krzanich, former CEO of Intel, was recently named the Chief Executive Officer of Cerence Inc., a company specializing in automotive AI technology. The announcement quickly ignited a wave of criticism across social media, with Cerence’s LinkedIn page seeing an influx of negative comments. The backlash became so overwhelming that...