Banking and Finance

Alfred F. Kelly, Jr., the former Chairman and CEO of Visa Inc., has been appointed to General Motors Co.'s board of directors, the automaker announced on Thursday. Kelly’s addition brings the total number of directors on GM's board to 13, with a diverse range of experience in manufacturing, information technology,...

PVH Corp. has appointed Fredrik Olsson as the new CEO of PVH EMEA, overseeing the company's operations in Europe, the Middle East, and Africa. The appointment, effective in the fourth quarter, was announced in a press release on Thursday. Olsson will report directly to Stefan Larsson, the CEO of PVH...

Clean Harbors, the environmental and industrial services company based in Norwell, Massachusetts, has expanded its Board of Directors with the addition of co-CEOs Michael Battles and Eric Gerstenberg. The appointments, which took effect immediately, increased the board's membership to 13. Alan S. McKim, the founder, Executive Chairman, and Chief Technology...

John Finney was the founder of the satellite terminal company All.Space, has decided to step down from his position as CEO. The company announced on Wednesday that Paul McCarter would immediately succeed Finney as CEO. Finney, who was formerly the chief commercial officer at O3b Networks, established the company in...

JP Morgan Chase, the largest bank in the United States, is building a team of private bankers in the United Arab Emirates as part of a strategy to enhance its wealth management services in the broader Middle East. This move comes in response to a notable increase in the number...

Nvidia witnessed an unprecedented stock market crash on Tuesday, erasing $279 billion in market value in what is now the largest single-day loss ever recorded in U.S. history. To put the scale of this loss in perspective, it exceeds the total market capitalization of several major American corporations, including McDonald's...

Australia's economy grew better than expected in the June quarter, driven by increased government spending, although per capita activity shrank for a record sixth consecutive quarter. The Australian Bureau of Statistics (ABS) reported a 1% growth in gross domestic product (GDP) compared to the same period in 2023, exceeding the...

The executive reshuffling season is already in full swing as Christian Dior Couture has appointed Benedetta Petruzzo, currently CEO of Miu Miu, as its new managing director. Petruzzo is set to assume her role on October 15, reporting directly to Delphine Arnault, Dior's chairman and CEO. Petruzzo will be taking...

After leading DBS Bank for 15 years, Piyush Gupta announced last month that he would step down as CEO in March 2025. His successor, Tan Su Shan, will make history as the bank's first female CEO and the first internal candidate to be appointed to the top position. Tan, 56,...

ING has announced that Michał Bolesławski will take over as Chief Executive Officer of ING in Poland, succeeding Brunon Bartkiewicz when his current term ends in 2025. The news follows a prior announcement in April 2024 regarding Bartkiewicz's planned departure from the role. Bolesławski has been with ING for 24...