On Monday, Warren Buffett-backed BYD Co Ltd stated, it has appointed former General Motors China President, Kevin Wale, as a senior adviser to its chairman. In a statement China’s BYD stated, Wale will provide consulting services to BYD’s automotive business,… Read More ›
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PG&E Corp appoints Nora Mead Brownell as its chairman
Along with Nora Mead Brownell’s appointment, PG&E Corp added several others to its board. These new addition to its board come in the wake of an ongoing battle with shareholder BlueMountain Capital Management LLC as well as crushing liabilities from… Read More ›
London jury dismissed in landmark Barclays-Qatar case
Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›
Attorney General Geoffrey Cox holds the keys to a smooth Brexit
The clincher to May’s deal is Attorney General Geoffrey Cox’s opinion on the legal tenability of the new assurances. On Tuesday, Britain’s former Brexit Secretary David Davis said, British Prime Minister Theresa May’s Brexit proposal could be acceptable once the… Read More ›
U.S. Federal Reserve permanently bars former MD of JPMorgan Chase & Co’s Hong Kong unit
With Timothy Fletcher’s cooperation, the U.S. Justice Department, the Federal Reserve and the SEC will follow through with any pending or potential enforcement action against other individuals who are or were affiliated with the Hong Kong unit of JPMorgan Chase… Read More ›
The Chinese ‘business model’
There are a growing number of instances where Chinese companies are luring top executives with large sums of money to leak and sell corporate and industrial secrets so that they can set up base in China. Former and past BASF… Read More ›
Airbus appoints new CFO and new COO
Airbus is continuing to overhaul its top management. On Wednesday, in efforts aimed at stabilizing its financial and operational pillars, Airbus named Dominik Asam as its next chief financial officer (CFO). Asam will replace Harald Wihelm, who has plans on… Read More ›
British parliament likely to vote down May’s Brexit deal: Justine Greening
Justine Greening, the former education minister from Theresa May’s cabinet, has joined the growing chorus for a second Brexit referendum. On Monday, Justine Greening, the former education minister from Theresa May’s cabinet stated, the British parliament will vote down Prime… Read More ›
U.S. Commodity Futures Trading Commission charges former Deutsche Bank AG for fraud
Charges has been filed and settled against a former managing director of Deutsche Bank AG for fraudulent activities. The U.S. Commodity Futures Trading Commission said in a statement that charges have been filed and settled against a former managing director… Read More ›
Activist investor Hudson Executive Capital LP takes 3.1% stake in Deutsche Bank
Hudson Executive Capital LP led by former JPMorgan Chase’s CFO Douglas Braunstein feels that Deutsche Bank is “misunderstood and undervalued”. On Thursday, as per a report from the Wall Street Journal, New York-based hedge fund Hudson Executive Capital LP has… Read More ›