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PRA Group Appoints Vikram Atal To Succeed Kevin Stevenson As President And CEO

PRA Group Appoints Vikram Atal To Succeed Kevin Stevenson As President And CEO

PRA Group, Inc. (PRAA) announced Monday that its board of directors has elected longtime board member Vikram Atal as its president and CEO, effective immediately. Atal replaces Kevin Stevenson, who has served as president and CEO since 2017 and is leaving the company.
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Saudi National Bank Chair Al Khudairy Resigns After His Comments On Credit Suisse

Saudi National Bank Chair Al Khudairy Resigns After His Comments On Credit Suisse

The chairman of Saudi National Bank, Ammar Al Khudairy, has resigned days after he commented about Credit Suisse Group AG that allegedly sent the Swiss bank's stock into a tailspin, ending in its subsequent takeover by domestic rival UBS Group. In a statement, Saudi National Bank or SNB, Credit Suisse's largest shareholder, said it has appointed Chief Executive Officer Saeed Mohammed Al Ghamdi...
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Eurozone Bank Lending Growth Weakens In February

Eurozone Bank Lending Growth Weakens In February

Eurozone bank lending to the private sector registered a slower growth in February reflecting weak credit demand amid higher interest rates and subdued economic activity, data from the European Central Bank revealed Monday. The annual growth rate of credit to the private sector slowed to 3.3 percent in February, the slowest since August 2021, from 3.8 percent in January.
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Vertex Pharma Inks Licensing Agreement To Use CRISPR Therapeutics' Gene Editing Technology

Vertex Pharma Inks Licensing Agreement To Use CRISPR Therapeutics' Gene Editing Technology

Biotechnology company Vertex Pharmaceuticals, Inc. (VRTX) and gene editing company CRISPR Therapeutics, Inc. (CRSP) announced Monday that they have entered into a new non-exclusive licensing agreement for the use of CRISPR Therapeutics' gene editing technology, known as CRISPR/Cas9, to accelerate the development of Vertex's hypoimmune cell therapies for type 1 diabetes (T1D).
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Bay Street Looks Set To Open On Firm Note

Bay Street Looks Set To Open On Firm Note

Higher Canadian and U.S. futures, and firm crude oil prices point to a positive start for the Canadian market on Monday.
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Codiak BioSciences Voluntarily Files For Bankruptcy Protection

Codiak BioSciences Voluntarily Files For Bankruptcy Protection

Biopharmaceutical company Codiak BioSciences, Inc. (CDAK) announced Monday that it has voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and will seek to pursue a sale process for its assets which is intended to maximize the value of the Company.
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German Business Sentiment Strengthens Despite Banking Sector Turbulence

German Business Sentiment Strengthens Despite Banking Sector Turbulence

Germany's business confidence unexpectedly strengthened in March underpinned by robust improvement in expectations despite turbulence in the global banking sector, a closely watched survey suggested on Monday. The business climate index rose to 93.3 in March from 91.1 in February, data from the Munich-based ifo institute showed. The score improved for the fifth consecutive month.
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