CEO Financial News

Scotiabank chief executive Scott Thomson says the bank is increasing its focus on North America and wealth management as part of its new growth strategy.

Key Advisors Wealth Management co-founder and CEO Eddie Ghabour discusses the state of the consumer ahead of the 2023 holiday shopping season on 'Varney & Co.'

Goya Foods CEO Robert Unanue discusses the impacts of inflation on this year's spirits during the Thanksgiving holiday.

The penetration in India is extremely low compared to other developed countries. IRDAI data showed that India’s insurance penetration was 4.2% of the GDP in 2021-22. While the data has been positive in the last few years, there is still a long way to go.

Fixed Deposit (FD) is one of the most popular ways of investment in India. Apart from ensuring a guaranteed return and offering higher interest rates than savings accounts, FDs also offer income tax benefits. At present, some of the banks, apart from small finance banks are offering lucrative interest rates. DCB Bank is offering the highest FD interest rate of 8% to general customers. Well, personal finance experts believe that the regime of high bank FD interest rates, which kickstarted in May 2022 after the Reserve Bank of India (RBI) raised interest rates six times continuously, may not last for long. 

Tax-еfficiеnt invеsting is a critical componеnt of long-term financial planning. Personal finance experts say that by carefully managing your tax liabilitiеs, you can еffеctivеly maximisе your invеstmеnt rеturns and achiеvе your financial goals morе еfficiеntly.

Bank of Nova Scotia plans to go after a larger share of customers’ wallets as it refocuses its business on North America, shifting capital away from operations in Latin America that have delivered poor returns.

The Bank of Nova Scotia will reallocate capital from developing markets to developed ones, prioritizing Canada, the United States and Mexico in that order, as it seeks to bolster profitability and shareholder returns, chief executive Scott Thomson said Dec. 13 as he unveiled a much-anticipated strategic update.

The cryptocurrency industry is on the brink of a transformative shift in Anti-Money Laundering (AML) compliance, a change propelled by the recent landmark fine imposed on Binance and its CEO, Changpeng Zhao.

Amid plans by CBC to cut 10 per cent of its workforce, the House of Commons heritage committee on Tuesday said it would be “inappropriate for the CBC to grant bonuses to executive members.”

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Adobe Systems (NASDAQ:ADBE) shares dropped more than 6% pre-market Thursday after the company reported FQ4 results and offered guidance.

A Swedish prosecutor says a preliminary investigation into the crash of a construction site elevator that killed five people has been expanded to include two more possible workplace violations

The new venture, AllUnity, will be regulated by BaFin, Germany’s financial supervisory authority. Set for launch within the next 18 months, AllUnity’s longer-term focus will be to accelerate mass market adoption of digital assets and tokenization.Stefan Hoops, CEO DWS, comments: “Through the future creation of AllUnity, we will bridge the gap between the traditional and digital finance ecosystems to build a core infrastructure provider that facilitates secure on-chain settlement for institutional, corporate and private use.

GFO-X is preparing for the launch of a digital asset derivatives marketplace for institutional investors. In May, the firm secured an agreement with London Stock Exchange clearing house LCH for secure settlement via its new, segregated central counterparty clearing service, LCH DigitalAssetClear.Corentine Poilvet-Clédière, CEO, LCH SA says: “LCH SA is excited to be working with GFO-X, together with the industry, to provide a regulated marketplace for bitcoin index futures and options as we look to expand our services to become a truly international clearing house.

Teylor originates and manages SME loans through its Teylor credit platform, a suite of software modules that enable financial institutions to build, deliver and scale digital credit products The firm has processed more than €3 billion in SME debt over the past three years.By tokenizing part of this credit portfolio on the Taurus infrastructure and TDX regulated marketplace, professional private debt investors can now participate in the returns through a secure blockchain-based secondary market. The TDX platform distributes the principal and interest monthly to the security token holdersPatrick Stäuble, CEO and founder at Teylor, says: “Our credit portfolio of high-quality SME loans is funded through private transactions with large-cap financial institutions.

Tesla introduced Autopilot software in October of 2015 with CEO Elon Musk heralding it as a profound experience for people

BP says its former chief executive has been denied a payout of 32.4 million pounds, or $41 million, after he was found to have misled the company over his past relationships with colleagues

Gogoro is looking to scale up investments in the Indian market to make electric two-wheelers locally and set up a battery swapping network to support these vehicles over the next few years. “We have invested $650-700 million in Taiwan so far to set up 12,000 swapping stations, which has in circulation 1.3 million batteries for us and our partners. The Indian market is 20X that.

Democrat Shamaine Daniels vying for a congressional seat currently held by Trump-aligned Republican Representative Scott Perry, is banking on a unique advantage for her underdog campaign: Ashley, an artificial intelligence campaign volunteer. Ashley stands out from typical robocallers as none of her responses are pre-recorded or canned. Created by people focusing primarily on Democratic campaigns, Ashley is touted as the first political phone banker leveraging generative AI technology akin to OpenAI's ChatGPT. This allows her to engage in an endless ways of personalized one-on-one conversations simultaneously.

While most Americans say couples should talk about money honestly before living together, Gen Z and millennials believe the conversation should happen way sooner.