Ping An records $2.1bn in loses

Chinese property stocks experienced a notable surge in value, while Ping An Insurance Group shares took a significant hit, reaching a one-year low on Wednesday. These developments were prompted by a Reuters

Founder and CEO of Bumble steps down

Whitney Wolfe Herd, the founder and CEO of the dating app Bumble, is set to step down from her position early next year. Bumble is known for its approach of requiring women

Barclays hires ex-Deutsche Bank Banker

Barclays Plc has reportedly hired Jiongting Lim, an investment banker from Deutsche Bank AG, to lead its client coverage in Singapore. Lim, who had joined Deutsche Bank in 2020 as a director

PayPal CEO announces planned changes

PayPal’s new CEO, Alex Chriss, has outlined his priorities for transforming the digital payments company into a more profitable growth enterprise. Taking over the role just weeks ago, Chriss acknowledged the challenges

Francesca Carlesi takes over as Revolut UK CEO

Francesca Carlesi, a seasoned financial professional with a PhD in banking and finance, has assumed the role of CEO for Revolut’s UK division. Revolut, recognised as the UK’s most valuable start-up with

GCC BDI strikes deal to help board directors

The GCC Board Directors Institute (GCC BDI), a not-for-profit organisation dedicated to supporting board directors, has entered into a three-year partnership agreement with Nesma and Partners Contracting Company Ltd. (N&P), a prominent

Tax evasion by big firms creates $1trn problem

Tax evasion by multinational corporations has become a contentious issue of global concern. In 2022, a substantial $1 trillion in profits was reportedly stashed in tax havens by major companies, comprising around

Wells Fargo announces new appointments

Wells Fargo & Co. has unveiled a series of strategic appointments aimed at enhancing its investment banking sector. These moves are part of the San Francisco-based lender’s broader strategy to solidify its

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