Banking and Finance

H.W. Kaufman Group announced on Tuesday the appointment of former American International Group Inc. executive Paul Greensmith as the CEO of H.W. Kaufman Group London, effective October. Greensmith will oversee Kaufman’s operations in the U.K., Europe, South America, and the Middle East. He will report to Jodie Kaufman Davis, Executive...

Despite facing significant economic challenges, South Africa remains the epicenter of Africa's banking industry. The six South African banks, led by the big four—Standard Bank Group, FirstRand, Absa Group, and Nedbank Group—comprise half of the continent's total asset and Tier 1 capital base. For the second consecutive year, South Africa's...

The World Bank's latest Global Economic Prospects report forecasts that the global economy will stabilize in 2024 for the first time in three years, though growth remains weak compared to recent historical standards. Global growth is expected to hold steady at 2.6% in 2024, increasing slightly to an average of...

Eric Grégoire has been appointed as the new CEO of Scandlines, effective July 8. The executive management team now includes CEO Eric Grégoire, COO Michael Guldmann Jensen, and CFO Mikael Koch. Grégoire previously served as CEO of Goodpack in Singapore and has a notable history in business process improvements with...

A recent economic analysis by Qatar National Bank (QNB) reveals that major ASEAN economies exhibit robust resilience to abrupt shifts in risk sentiment and capital flows. The focus was on Indonesia, Thailand, Malaysia, and the Philippines, examining their external vulnerabilities through their financing needs and foreign exchange (FX) reserves. Countries...

Bitfarms has announced the appointment of Ben Gagnon as its new Chief Executive Officer, signaling a strategic shift aimed at diversifying its operations beyond Bitcoin mining. Previously serving as Chief Mining Officer, Gagnon has been instrumental in Bitfarms' ascent within the Bitcoin mining sector. With his comprehensive experience, he is...

Recent financial data from Roy Morgan's Wealth Report indicates that Macquarie Bank boasts the wealthiest customers among the larger banks, with a per capita net wealth of $943,000 as of March 2024. Macquarie's clientele not only enjoy higher incomes than those of other major banks but are also more likely...

BMI, a Fitch Solutions Company, has launched ESG Country, a service designed to track, monitor, and quantify country-level ESG (Environmental, Social, and Governance) risks and opportunities across 140 markets. Leveraging four decades of experience in providing macroeconomic, political, industry, and operational risk insights, the service includes a proprietary ESG Country...

The Supervisory Board of NürnbergMesse has unanimously agreed to extend CEO Peter Ottmann's contract until 2029. Led by Nuremberg Lord Mayor Marcus König and Bavarian finance and home affairs minister Albert Füracker, the board decided at its 147th meeting to prolong the tenure of Ottmann, who has served as joint CEO...

Lufthansa Group shares (ETR: LHAG) saw a modest rise on Thursday following comments from CEO Carsten Spohr, who indicated in an interview with Italian daily Corriere della Sera that the airline might increase its stake in Italy's ITA Airways to 90% starting early next year. This announcement came on the...