Most brokerages have given a thumbs-up to the development, saying the appointment of an internal candidate will make the transition and subsequent handling of operations at the bank easier. This is what leading brokerages said. Jefferies said, "We believe that the appointment should offer a smoother transition as Mr. Jagdishan has been closely connected internally with the management team and the board of directors, as well as external stakeholders like clients, investors and regulators." Read on...
Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in US bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15 filing in US federal bankruptcy court in New York after a proceeding in the United Kingdom. Read more...
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