updated - July 11, 2020 Saturday EDT
Industry veteran James Kehoe has just been tapped to be Kraft Foods Company’s new Chief Finance Officer after Terri List-Stoll’s announcement of leaving the position. Stoll will step down on February 28.
Tesco, the British multinational grocery and general merchandise retailer in the United Kingdom, named John Allan as its new Chairman. Allan is currently the chairman of the housebuilder Barratt Developments, the card-processor Wordplay, as well as co-deputy chairman of Dixons Carphone.
Kaspersky Lab, a leading internet security provider, reported that an estimated 100 banks have fallen victim to what they call "a new era of cybercrime" in the banking industry. A highly developed gang of hackers has been targeting financial institutions stealing valuable data and fortune.
Standard Chartered Plc will take an all-out effort to save the bank from further damage due to its high costs. As of the moment, they are currently trying to cut a total of $400 million worth of costs.