admin

Kering Names Ex-Renault CEO Luca de Meo as New Chief

The French luxury giant Kering, parent company of Saint Laurent and Gucci, is getting a new CEO, Luca de Meo. And surprisingly he is not a longtime ready-to-wear afficionado but a car industry veteran. De Meo, 58, had been leading the French Renault Group since 2020. He left the carmaker …

Read More »

Ripple Applies for US National Bank Charter

Crypto company Ripple has applied to US regulators for a national bank charter, as the distinction between digital asset firms and traditional financial institutions becomes increasingly blurred. Ripple’s decision—announced in July on social media by the company’s chief executive, Brad Garlinghouse—mirrors similar moves by Circle and BitGo. Analysts opine that …

Read More »

London IPOs Hit 30-Year Low Amid Global Competition

The state of the United Kingdom’s capital markets is perilous. IPO activity has fallen to its lowest levels in 30-years. In the first half of this year, five listings reportedly raised just £160 million (around $215 million) below amounts as far back as 1995, according to data provider Dealogic.London Stock …

Read More »