Banking and Finance

Michael Dell, founder and CEO of Dell Technologies, experienced a significant single-day decline in his wealth due to a sharp drop in Dell shares. Dell's net worth fell by $11.7 billion to $107.1 billion on Friday as Dell Technologies Inc. shares plummeted 18% in New York. This decline puts Dell...

JPMorgan was the leading investment bank globally as of June 2024 in terms of market share of revenue. Between January and June 2024, JPMorgan's revenue accounted for 9.2 percent of the global investment banking revenue. Goldman Sachs followed, with a market share of 7.3 percent. All five of the top-ranked...

Following a year of cautious observation, 2024 is emerging as a pivotal period for U.S. mergers and acquisitions (M&A). The latest midyear EY-Parthenon Deal Barometer anticipates a 20 % increase in corporate M&A deal volume compared to the previous year, nearly doubling the 12 % growth forecasted in January. Private...

Flutter Entertainment has officially shifted its primary listing to the New York Stock Exchange (NYSE), moving from its previous primary listing on the London Stock Exchange (LSE). Concurrently, the company announced the appointment of Rob Coldrake as Group Chief Financial Officer, replacing Paul Edgecliffe-Johnson with immediate effect. This strategic move...

BitFuFu Inc. (NASDAQ: FUFU) has appointed Ms. Calla Zhao as its new Chief Financial Officer, effective last Monday. Zhao, who has served as the company's financial controller since September 2021, brings extensive experience to her new role. Zhao's career includes a notable tenure at GGG Limited, an investment division of...

Nitin Sood, the Chief Financial Officer of PVR INOX, has announced his departure from the company, with his last day being July 31. Reflecting on his tenure, Sood expressed immense gratitude for his 22-year journey at PVR INOX, highlighting the rewarding experiences and opportunities to work with exceptional colleagues on...

Alpine Income Property Trust, Inc. (NYSE: PINE) has announced the appointment of Philip R. Mays as Senior Vice President, Chief Financial Officer, and Treasurer, effective June 17, 2024. Mays brings extensive experience to his new role, having recently served as CFO of Shadowbox Studios from September 2021 to February 2024....

Canada Jetlines has announced the impending retirement of CEO Eddy Doyle, effective June 30, 2024, after his tenure since 2021. The airline has begun the process of finding a new CEO. During the interim period, Brigitte Goersch, the current Chair of the Board, will step in as CEO. Eddy Doyle...

Autodesk has appointed Elizabeth Rafael as interim chief financial officer, boosting its shares by 8% in extended trading. Rafael, already a board member, steps into the role immediately following the departure of former CFO Deborah Clifford, who will now serve as chief strategy officer. Rafael, who previously held key roles...

Mark Poweska, who became CEO of Enmax in September 2022, saw his total compensation exceed $3.1 million in his first full year in the role. This marks a significant increase from the $1.7 million he earned in 2022. These details were disclosed in Enmax's 2023 annual report, unveiled during the...