Global

HSBC Chief Executive Peter Boyles announces retirement
Global

HSBC Chief Executive Peter Boyles announces retirement

HSBC has announced that Peter Boyles will retire from his role as Chief Executive, Global Private Banking to be replaced by António Simões, subject to regulatory approval, effective 1 January 2019. Meanwhile, James Emmett will succeed António Simões as Chief Executive of HSBC Bank plc and Chief Executive of Europe […]

Marc and Lynne Benioff acquires Times Magazine
Global

Marc and Lynne Benioff acquires Times Magazine

Marc and Lynne Benioff have both acquired Time Magazine from Meredith Corporation. Meredith Corporation said in a statement that it sold the media giant for $190 million in cash. The transaction is subject to customary closing conditions and regulatory approval and is expected to close within 30 days. The Benioffs […]

Prudential reviews capital position ahead of M&G demerger
Global

Prudential reviews capital position ahead of M&G demerger

Ahead of its proposed demerger of M&G Prudential from Prudential plc, Prudential said it expects to rebalance its debt capital across Prudential and the ultimate holding company of M&G Prudential. In anticipation of commencing this debt rebalancing, Prudential intends to update the prospectus relating to its £10,000,000,000 Medium Term Note […]

Hydro cancels bid for Rio Aluminium
Global

Hydro cancels bid for Rio Aluminium

Rio Tinto has been informed by Hydro that it has withdrawn its offer to acquire the ISAL smelter in Iceland. The bid would have included Rio Aluminium’s 53.3 per cent share in the Aluchemie anode plant in the Netherlands and its 50 per cent share in the Aluminium fluoride plant […]

David Solomon to takeover from Blankfein as Goldman CEO
Global

David Solomon to takeover from Blankfein as Goldman CEO

Goldman Sachs said David Solomon will be succeeding its influential chief executive officer, Lloyd Blankfein at the investment banking giant. As part of the exercise to fill in the vacuum created by his appointment, the company said John Waldron will take over as president and chief operating officer. Tecnically, Waldron, […]