Banking and Finance

Mike Sneesby, Chief Executive of Nine Entertainment, is set to step down within weeks following a challenging year for the company marked by allegations of misconduct and bullying in its newsrooms. The broadcaster and publishing giant announced to the ASX that both Sneesby and the board had agreed it was...

Norfolk Southern announced Wednesday that it had dismissed CEO Alan Shaw due to an inappropriate relationship with a subordinate. The decision came just days after the company's board began investigating Shaw over alleged ethical misconduct, concluding two challenging years in his leadership role. The Atlanta-based railroad revealed that Shaw's relationship...

Schroders has officially announced Richard Oldfield, the company’s current chief financial officer, as the successor to Peter Harrison in the role of chief executive officer. The transition was confirmed in a stock exchange filing on 10 September. Peter Harrison had disclosed his plans to retire in April, triggering a comprehensive...

Dubai’s property market is experiencing another record-breaking year in 2024, with sales and property values surging, according to local real estate firms. The city’s booming demand, particularly in the luxury segment, is driving up prices across the board, as the UAE is on track to become the world’s top destination...

Following Verizon's announcement of its acquisition of Frontier Communications, speculation about a new race for fiber assets has surged. Yesterday, AT&T and BlackRock responded with news of an expanded plan for their Gigapower fiber joint venture, while AT&T also revealed four new partnerships aimed at accelerating its fiber network growth....

Hong Kong-based conglomerate CK Hutchison is preparing to raise up to $1.5 billion through a two-part US dollar bond issuance, according to sources familiar with the matter. The company is targeting 5.5-year and 10-year bonds, as outlined in a term sheet shared on Tuesday, September 10. Initial pricing guidance for...

Gitte Gard Talmo, the Chief Executive Officer of Norwegian offshore vessel owner Eidesvik Offshore, has announced her resignation after more than two decades with the company. Talmo is stepping down to pursue a new position with an international company abroad. Eidesvik Offshore confirmed the news in a statement, acknowledging Talmo's...

The Atlanta Police Foundation recently confirmed the passing of Walt Ehmer, the president and CEO of Waffle House, at the age of 58. The foundation shared the news on September 8, expressing profound sorrow over his death. In a statement posted on social media, the foundation reflected on Ehmer’s unwavering...

Westpac has appointed Anthony Miller, the current head of its business and wealth division, as its next Chief Executive and Managing Director. Miller will officially take over on December 16, following the retirement of Peter King, who is stepping down after a 30-year career with the bank, including five years...

JP Morgan has selected Kwang Kam Shing as the new CEO of its Hong Kong operations, replacing Harshika Patel. Patel, who led the Hong Kong branch for three years, will remain with the firm in her role as head of JP Morgan’s private bank in Asia. Kwang will report directly...