CEO Financial News

TORONTO — An apparent rift among the organizations representing chartered professional accountants in Canada became public when two provincial groups said they are severing ties with their national counterpart.

Mackenzie Investments has cut about 50 jobs, including senior executive roles, as part of a restructuring by new chief executive Luke Gould, people familiar with the matter said.

Monday, June 26, was an atypical start to the week for Lionel Conacher. The San Francisco Bay-area financier woke up early and immediately checked the ocean weather conditions, as per his normal routine, but he did not proceed to map out his day based upon when the optimal time to go surfing was.

Japan is understood to have formally requested that the Albanese government exclude Santos’ $5.8 billion Barossa gas project in the Timor Sea from Labor’s new emissions policy, fuelled by concerns about the risks it poses to supplies of gas critical to national security.

Bubs Australia’s former board was aware that Citi had been appointed and what the terms of its mandate were as early as September 2020, emails show, contradicting claims made in documents lodged with the Federal Court as part of a lawsuit brought against two of its former executives.

Volkswagen named a new chief executive officer for Audi after the luxury brand fell behind competitors BMW and Mercedes-Benz.

IIFL Asset Management, has entered into a strategic partnership with residential investment and development platform NeoLiv by making a minority entity-level equity investment. Founded by Mohit Malhotra, former MD and CEO of Godrej Properties, NeoLiv has already secured the permission from the Securities & Exchange Board of India (SEBI) for a category II Alternate Investment Fund (AIF) with a plan to raise $ 150 million including a green-shoe option of $60 million.

Gold loans are a secured loan where you can borrow money by pledging your gold ornaments, coins, or bars as collateral. They are a popular form of short-term financing. The loan amount offered is usually a percentage of the gold’s value, and the borrower is required to pay interest on the loan amount. This provides a quick and convenient source of funds, as the loan approval process is relatively fast, and there is no need for extensive documentation or credit checks. In case of default, the lender has the right to sell the gold to recover the outstanding loan amount.

Deloitte Touche Tohmatsu India has appointed Manoj Kohli as Senior Advisor to the organisation. In his new role as Kohli will leverage his expertise in technology, telecommunications, renewables and digital sectors. His industry experience and strategic expertise is expected to help strengthen Deloitte’s presence in South Asia.

German tier 1 supplier ZF Group is fast-accelerating its transformation towards an electrified future. While the company globally is a leading supplier of solutions to a multitude of vehicle segments, in India the commercial vehicle segment has been its key business.

It can be challenging to save money and attain financial stability due to economic volatility. Growing your savings is not an unattainable goal if you follow proper financial planning and disciplined saving habits. Often people take too long to realise that they need to save money. In the process, it becomes difficult for them to achieve their goals. At times, despite high income, you tend to spend more and invest your money in things that tend to bring no results for you.

Zupee announced Kapil Sharma, as its brand ambassador. By joining forces with Kapil Sharma, Zupee seeks to expand its presence in the expanding realm of skill-based online gaming while also offering a wide array of engaging casual and board games.

The company received the news late last week, and were waiting to receive the official letter from regulators before making today’s announcement.

Despite a long history spent away from the public spotlight, Binance co-founder and senior executive Yi He is finally speaking up as two of the United States’ chief market regulators sue her company.

Defunct crypto exchange FTX’s lawyers are suing the company’s former compliance chief officer Daniel Friedberg for paying off insiders who threatened to reveal the exchange's illegal activities. 

Have the money to buy a home? If you follow through, it may not be money well spent.

Bankrupt crypto exchange FTX has put a pause on the sale of its stake in the AI startup Anthropic. 

The Law Commission of England and Wales has recommended a national legal framework tailored to dealing with digital assets that addresses collateral arrangements using crypto to back loans.The commission, funded by the Ministry of Justice, noted that such collateral arrangements offer “various benefits” such as improving market liquidity and allowing investors to “extract” the value of otherwise “underutilized” assets. However, risks exist for borrowers providing such collateral if the lender they operate with goes bankrupt, in which case they may not have a claim on all of their funds.“If a collateral taker enters insolvency proceedings, a collateral provider would have only an unsecured claim for the amount constituting surplus proceeds, rather than a proprietary claim to the assets,” wrote the commission in a 304-page report published on Wednesday. 

KuCoin, a major cryptocurrency exchange, will require all users to undergo mandatory know-your-customer (KYC) procedures before July 15, 2023. 

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The failed crypto company FTX is apparently having initial talks with investors on bringing back the FTX.com exchange through structures such as a joint venture, a WSJ report said.