Mastercard and Visa Deny Reports of Credit Card Fee Increases
In a recent development, Mastercard has vehemently denied media reports suggesting that it is planning to increase credit card fees later this year. This comes in response to a Wall Street Journal article that claimed fee hikes were scheduled for October and April at Mastercard, as well as its rival, Visa. The reported fee increases […]
Northern Trust Appoints Aisling Keane as Head of Asset Servicing in Hong Kong
Northern Trust, a global leader in wealth management, asset servicing, asset management, and banking, has announced the appointment of Aisling Keane as the Head of Asset Servicing for Hong Kong, effective September 4, 2023. In this newly created role, Keane will lead Northern Trust’s asset servicing operations in Hong Kong, Macau, and Taiwan. She will […]
Former GIC Portfolio Manager Reuben Abrams to Launch Hedge Fund in London
Reuben Abrams, a former GIC portfolio manager, is set to launch Adira Investment Management, a London-based hedge fund focusing on corporate credit markets. With a strong track record and over 17 years of experience, Abrams aims to capitalize on the credit market’s potential. Credit-focused hedge funds have recently outperformed the broader industry, adding to the […]
Kotak Mahindra Bank CEO Uday Kotak Resigns Four Months Ahead of Schedule
Mumbai, India: Shares of Kotak Mahindra Bank Ltd (KMBL) are expected to be under close scrutiny as the bank’s Managing Director and CEO, Uday Kotak, announced his resignation effective September 1, a surprising move occurring four months earlier than initially planned. Uday Kotak, a founding member of the bank, has been an integral part of […]