Macquarie Bank fined $6.4 million by Australia for failing to stop illegal third-party transactions
The Federal Court of Australia has levied a A$10 million ($6.4 million) fine against Macquarie Bank for its inadequate controls in identifying and preventing unauthorised fee transactions carried out by third parties on customer accounts, as stated by the securities regulator on Friday.
Binance Holdings Appoints Gabriel Abed to the First-Ever Board of Directors
The world's largest cryptocurrency exchange, Binance Holdings Limited, has established a Board of Directors for the first time in response to efforts to enhance its reputation following a guilty plea to US allegations of anti-money laundering and sanctions breaches last year.
Meta should provide customers with a free choice without targeted advertising: EU
The European Data Protection Board, an EU privacy authority, stated on Wednesday that Meta platforms and other sizable online platforms ought to offer customers the choice to utilise their services for free without being exposed to targeted advertising.
HDFC Life Insurance Company’s Chairman Deepak Parekh Steps Down, Keki Mistry Takes Over
The Board of HDFC Life Insurance Company Limited has unanimously approved the appointment of Keki M. Mistry as the Chairman of the Board with immediate effect, subject to the approval of the Insurance Regulatory and Development Authority.
Surbhi Goel Named As Munich Re India’s First Female CEO
Surbhi Goel has been named as Chief Executive Officer, India Branch of Munich Re, with effect from October 2024.
ICICI Securities Appoints T.K. Srirang as Joint Managing Director
The Board of Directors of ICICI Securities Limited has approved the appointment of T.K. Srirang as the Joint Managing Director designated as Key Managerial Personnel (KMP) with effect from May 1, 2024, for five years.
Ganesh Srinivasan Appointed as President – T & D of KEC International
KEC International Limited informed the stock exchange about the appointment of Ganesh Srinivasan as President, T&D, with effect from April 18, 2024.
Spencer’s Retail Appoints Sandeep Banka as CFO
The Board of Directors of Spencer’s Retail Limited appointed Sandeep Kumar Banka as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from April 18, 2024.
Rakesh Jha to Chair ICICI Lombard Board, Preeti Reddy Joins as Independent Director
Rakesh Jha, a Non-Executive, Non-Independent Director of ICICI Lombard General Insurance Company Limited, has been appointed Chairperson of the Board with effect from June 30, 2024, or the date of IRDAI approval, whichever is later.
Dipak C. Jain and Krishnan Sudarshan Appointed Independent Directors of Just Dial
The Board of Directors of Just Dial Limited has approved the appointment of Prof. Dipak C. Jain and Krishnan Sudarshan as Independent Directors for five years, with effect from October 1, 2024.
