Banking and Finance

Group CFO of HSBC Holdings plc (LON: HSBA), Georges Bahjat Elhedery, recently acquired a substantial amount of stock worth approximately $5 million at a price of $7.56 per share. This significant purchase, amounting to a 36% increase in their holding, reflects confidence in the company's prospects. Notably, Elhedery's recent purchase...

BioFish Holding AS announces the appointment of Johnny Duedahl as its Chief Financial Officer, effective March 1, 2024, marking a significant milestone in the company's corporate journey. Duedahl brings a wealth of experience in finance and leadership, transitioning from his previous role as interim CFO to assume this permanent position....

Te Rūnanga o Ngāi Tahu has announced the appointment of Ben Bateman as its interim chief executive, marking the commencement of their search for a permanent CEO. Bateman, who previously served as the Chief Operating Officer for the rūnanga, brings a wealth of executive leadership experience, including roles outside the...

Airthings (AIRX) has announced the appointment of Emma Tryti as its new Chief Executive Officer, effective immediately. Tryti brings a wealth of experience from the Norwegian financial industry, having served in key leadership roles such as Chief Commercial Officer of eCommerce and Invoice at Vipps and as Chief Executive Officer...

Following the tragic passing of Herbert Wigwe in a plane crash in the US, Access Holding Co. of Nigeria has appointed Bolaji Agbede as the acting group CEO. Agbede, a seasoned professional with nearly three decades of experience in banking and business consultancy, is renowned for her advocacy for inclusion....

Crafts retail chain Joann Inc. (NASDAQ: JOAN) may declare bankruptcy as early as next week. The bankruptcy would be a part of a deal that would transfer control to Joann's lenders and help the company get rid of its debt. In its latest quarterly report, Joann reported a 4.1% drop...

The resurgence in big spending on mergers and acquisitions (M&A), exemplified by Capital One's $35 billion deal for Discover Financial and Walmart's $2.3 billion acquisition of smart TV maker Vizio, suggests a renewed confidence in corporate America's appetite for strategic expansion and consolidation. Such deals often reflect a company's desire...

NerdWallet Inc. swiftly moved to dispel rumors of its purported bankruptcy after a fraudulent filing surfaced on an electronic public access service for U.S. federal court documents. The company, renowned for its financial guidance and consumer advocacy, promptly addressed the misinformation, asserting its continued operational stability and commitment to serving...

CEOs of the four biggest telecom companies in Europe, Deutsche Telekom (DT), France’s Orange Group, Spain’s Telefónica, and Britain’s Vodafone, recently gave a joint keynote address. During the address, they called for regulators to ease merger regulations to help European telecoms regain momentum. The CEOs urged for a "new deal"...

During a Senate committee hearing on Thursday, the CEOs of three big drugmakers faced sharp criticism from lawmakers over the exorbitant cost of prescription drugs in the United States. Senators heard testimony from Joaquin Duato of Johnson & Johnson, Robert M. Davis of Merck, and Christopher Boerner of Bristol Myers...