Banks

The FINANCIAL -- Credit card and electronic payments giant Mastercard – announced that Ajay Banga, President and Chief Executive Officer, will transition to the role of Executive Chairman and Michael Miebach, Chief Product Officer, to become Chief Executive Officer and a member of the Board of Directors. Also, the company said the coronavirus outbreak could negatively impact revenues this ...

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The FINANCIAL -- HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth ...

Having been a household name for the past two decades, Nikora has become quite a player on the Georgian market. Looking for expansion, JSC Nikora, a holding company of the Nikora Group, has decided ...

Tbilisi, 25 September 2019 - Today, the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, signed a Commitment Letter to provide USD 15 mln in ...

The FINANCIAL -- Following an initiative of TBC Bank, a presentation of its macroeconomic review was held at Holiday Inn. The presentation was led by TBC Bank's Chief Economist Otar Nadaraia, who ...