FinanceSector

RBC Appoints Citi's Jurd as New Head of Industrials for Europe

2 days ago

In a significant leadership shift, the Royal Bank of Canada (RBC) has reportedly appointed Citi's Brian Jurd as the new head of its Industrials sector for Europe. This strategic move underscores RBC's ambition to bolster its presence in the global industrials market amid a dynamic economic landscape.

India Expands Tax Incentives to Attract Investment in GIFT City

2 months ago

In a strategic move to bolster foreign investment, India has recently announced an extension of tax incentives aimed at attracting businesses to the Gujarat International Finance Tec-City (GIFT City). This initiative is expected to significantly enhance the country's financial services landscape and position India as a competitive global player in the finance sector.

HSBC Forces Stenn into Administration Amid Client List Concerns

4 months ago

In a dramatic move, HSBC Holdings Plc has placed Stenn International Ltd., a trade finance firm, into administration, citing escalating fears over potential implications related to its client list. This unprecedented decision signals significant unease within the banking giant regarding the financial stability of Stenn, particularly as it pertains to the transparency and integrity of its client relationships.

WeightWatchers Appoints New CFO Amidst Strategic Digital Transformation

4 months ago

In a significant leadership change, WeightWatchers has announced the appointment of a new Chief Financial Officer (CFO), bringing in a seasoned digital media veteran to steer the company through its ongoing transformation in the digital health landscape. This move is part of the broader strategy to enhance their financial management and bolster operations as the organization adapts to shifting market demands and focuses on diversifying its offerings.

Swiss Bank Mirabaud Closes Brokerage Unit Following Dismal Performance

6 months ago

In a significant development within the financial sector, the renowned Swiss bank Mirabaud has announced the closure of its brokerage unit due to underwhelming performance. This strategic move underscores the ongoing challenges faced by financial institutions in an increasingly competitive environment.