PRA Group Appoints Vikram Atal To Succeed Kevin Stevenson As President And CEO
(RTTNews) - 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.
Atal joined PRA Group's board in 2015 and served on the audit committee and as chair of the risk committee. Over his 27-year career at Citigroup, he led the North America card franchise and was also vice-chair of Citigroup's worldwide credit card franchise. He also served as a senior advisor to both McKinsey & Company and venture investment firm MissionOG.
Meanwhile, Stevenson co-founded PRA Group along with current PRA Group Board Chair Steve Fredrickson in 1996.
read more
Swiss Market Ends Moderately Lower
The Switzerland stock market ended weak on Tuesday as worries about geopolitical tensions, rising bond yields and elevated oil prices rendered the mood cautious.
RTTNews
|
27 minutes ago
European Stocks Close Weak
European stock markets ended lower on Tuesday as investors awaited monetary policy decisions from the Federal Reserve, Bank of England, and Bank of Japan. Rising bond yields, elevated oil prices following Saudi pipeline closures, and mixed economic data across the region weighed on sentiment.
RTTNews
|
43 minutes ago
New York Manufacturing Index Pulls Back Sharply But Remains Positive
The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth. The New York Fed said its general business conditions index slumped to 7.6 in September from 20.6 in August.
RTTNews
|
4h 48min ago
New York Manufacturing Index Slumps Much More Than Expected In September
The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth.
RTTNews
|
5h 42min ago
Bay Street Likely To Open On Slightly Weak Note
Weak Canadian and U.S. futures, lower precious metals prices and concerns about inflation and interest rates could weigh on Canadian stocks Tuesday morning. Investors look ahead to Federal Reserve's monetary policy announcement on Wednesday.
RTTNews
|
5h 51min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews
|
6h 10min ago
FTSE 100 Recovers Despite Weak UK Jobs Data, Oil Concerns
The FTSE 100 recovered from early losses on Tuesday as consumer and real estate stocks rallied. Disappointing employment data and oil price concerns pressured equities, while traders awaited policy guidance from global central banks.
RTTNews
|
6h 38min ago
Rising Oil Prices, Inflation Push CAC 40 To 4-Month Trough
France's annual inflation rate climbed to 2.4% in August from 2.1% in July, marking the highest reading in three months. The CAC 40 slid to a four-month low amid rising oil prices and elevated bond yields.
RTTNews
|
7h 4min ago
