CEO Financial News

Bond Exchange (BBX), the securities solutions management unit of the global investment bank said on Friday. BBX, which was launched in 2020 to simplify bond investing, is the world's first fractional bond exchange. The deal will enable Citi's clients who meet a certain criteria, to become participants on the exchange and trade bonds, with the investment bank providing settlement and custodial services. «The proprietary digital custody technology is scalable and will allow us to provide settlement and custody services for clients investing in assets issued on permissioned blockchain networks and digital financial management information systems (FMIs),» said Nadine Teychenne, head of digital assets for Citi Securities Services. The recent partnership is an extension to Citi being initially chosen by BBX in 2021 to act as a custodian for the underlying bonds issued and traded on its exchange as fractionalized assets. «Digital Custody is the next big step in the transformation of the bond market, making bond markets, more transparent, electronic and accessible to all,» said Rahul Banerjee, CEO and co-founder of BondbloX.

Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation. Technology staff working on overlapping functions are also at risk of being laid off, one of the people said.Citi managers are already convening discussions with employees about potential layoffs, according to the sources, who declined to be identified discussing personnel matters. One-on-one meetings about departures were also starting, one of the sources said. Citigroup declined to comment. The conversations come after the third largest U.S.

Reuters. These discussions follow Disney CEO Bob Iger's statement in July, where he mentioned the possibility of divesting some of the company's conventional TV holdings. These assets have faced challenges over the years due to the increasing dominance of streaming services.

Capgemini and a solid base for it to service clients globally, Capgemini global CEO Aiman Ezzat told ET. The company has more than half of its 360,000 employee base in India. In an interview with Romita Majumdar, the chief of the $23-billion IT company, during his ongoing India visit, said that he is hopeful of the demand situation improving over the next two-to-four quarters but is waiting for an inflection point. Ezzat added that generative AI's impact on productivity gains will be much higher than pricing gains in the long run. Edited excerpts:How do you see technology spending in the current macroeconomic situation? It is pretty mixed at present. There is softness in some places but not everything is doomed. The reality is that our pipelines are huge and that shows the appetite for technology and transformation.

Fortress Trust's recent disclosure of a cryptocurrency theft totaling nearly $15 million has shed light on a complex situation involving a third-party vendor and a phishing attack.

Wealth managers proudly display a long list of designations and degrees after their signatures  – CFP, MBA, CPA, CFA, etc. – and deservedly so, considering the effort involved in achieving those titles.

Disney has held initial talks on the sale of its ABC network to U.S. local TV station owner Nexstar Media, Bloomberg News reported on Thursday, citing sources. Shares of the media giant rose 1%, while Nexstar stock jumped nearly 6%.

Dheeraj Bhatia has been appointed to the executive board of Hapag-Lloyd and as chief executive officer of its international terminals business. «A new terminal and infrastructure portfolio will be established on the executive board.

Kuwait has warned the Albanese government that its proposed ban on live sheep exports is effectively futile because the emirate will not buy any more chilled meat from Australia and will simply source livestock from other countries instead.

Broker-dealer industry veteran Tom Berthel is stepping away as CEO from the management of the day-to-day operations of the broker-dealers and registered investment advisor with 360 financial advisors who work with $9.8 billion in client assets.

Within Denver’s Washington Park neighborhood, an enclave south of downtown where the median house listing price is just over $2 million, quintessential manicured American lawns roll out in front of historic brick bungalows, restored Victorians and contemporary new builds. Then there is Lisa Negri’s yard, which sits adjacent to her three-bedroom, two-bathroom bungalow where she’s lived since 2012. “It looks like nature," says Negri, 66, a retired engineer.

health care giant, Thursday said it has replaced its 130 years well-known script logo with a modern look that reflects its sharpened focus on pharmaceuticals and medical devices. The original script used since 1887— based on co-founder James Wood Johnson's signature — will still be seen for now on consumer products like baby shampoo from Kenvue, a new company recently spun off from J&J. The signature logo was “one of the longest-used company emblems in the world," J&J declared in a 2017 website post.

Stocks that are trading heavily or have substantial price changes on Thursday:

NEW DELHI : As online travel agency Yatra Online Ltd’s IPO will open for subscriptions this Friday, its co-founder and CEO, Dhruv Shringi, in an exclusive conversation with Mint, said there are strong tailwinds behind the business, and this is the right time to list. The company plans to use ₹150 crore from the IPO proceeds for strategic investments, acquisitions, and inorganic growth, while ₹392 crore could be used for investments in customer acquisition and retention, technology, and organic growth initiatives. The company’s IPO will be priced at ₹135-142 per share.

Commerce (ONDC) has expanded its reach into the international business-to-business marketplace by partnering with the Singapore-based B2B network Proxtera. With this move, ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), aims to establish connections between small and medium enterprises (SMEs), logistics services and payment transfers, facilitating seamless export opportunities for Indian businesses.

Instacart in 2021, the grocery delivery startup's growth was cratering as its pandemic boom ebbed. The board of directors asked her to find new ways for the company to earn money. Simo, a former executive at Meta with experience in advertising, played to her strengths. She aggressively expanded Instacart's advertising business, begun in 2019, which allows food brands to pay for better placement in the company's app. Brands had questioned whether the ads were helping, so Simo commissioned studies demonstrating their efficacy, two people familiar with the company said.

The world may be moving in a direction where people are more comfortable having their assets and ownership available for everyone to see, according to Alex Svanevik, CEO of blockchain analytics firm Nansen.

(Reuters) -Abcam Plc (O:ABCM) founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher (NYSE:DHR)'s proposed $5.7 billion acquisition of the company, as it undervalues the protein consumables manufacturer.

Tradecurve Markets. Let's take a closer look at how this is playing out. >>Register For The Tradecurve Markets Presale<< The Tradecurve Markets presale has witnessed a staggering 300 million TCRV tokens change hands, while Tradcurve's valuation swelling by an impressive 150%.

Hyderabad (Telangana) [India], September 13: GS Caltex, a leading name in the automotive lubricants industry, is proud to announce the launch of its flagship service centers, Kixx Smart Bike Stations, at Kondapur in Hyderabad. With decades of experience, GS Caltex has consistently delivered top-notch lubricants for various automotive and industrial applications. This strategic initiative marks a significant milestone for GS Caltex as it reaffirms its commitment to providing unparalleled service excellence to motorcycle enthusiasts in the region.

ONDC) has roped in Singapore-based platform Proxtera as its first international buyer app as part of its foray into international business-to-business (B2B) exports. Further, SignCatch and Rapidor, with Bech.app and placeorder.com respectively, will be among the first to join ONDC as international B2B seller network participants.