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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.
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U.S. Trade Deficit Narrows In August As Imports Plunge
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of August amid a steep drop in the value of imports. The Commerce Department said the trade deficit shrank to $59.6 billion in August from a revised $78.2 billion in July. Economists had expected the trade deficit to decrease to $61.0 billion.
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1h 22min ago
U.S. Trade Deficit Narrows Slightly More Than Expected In August
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit narrowed significantly in the month of August amid a steep drop in the value of imports.
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2h 49min ago
Canadian Market May Open With Slightly Positive Bias
Canadian stocks may open with a positive bias Wednesday morning with firm metal prices triggering some buying in the materials sectors. Weak oil prices may weigh on energy stocks and limit market's upside.
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3h 7min ago
Iceland Unexpectedly Cuts Policy Rate By 25 Bps
Iceland's central bank lowered its key interest rate unexpectedly as the economy is expected to recover more slowly than previously anticipated due to worsening prospects for exports. The Monetary Policy Committee of the Central Bank of Iceland, led by Governor Ásgeir Jónsson, unanimously decided to cut the rate on seven-day term deposits to 7.25 percent from 7.50 percent.
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3h 43min ago
UK Stocks Turning In Mixed Performance; Mining Stocks Move Up
U.K. stocks are turning in a mixed performance Wednesday morning with investors reacting to earnings updates and other corporate news, in addition to digesting the data showing a slower than expected increase in the nation's consumer price inflation in the month of October.
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5h 1min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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5h 1min ago
CAC Down Slightly In Cautious Trade As Investors Look For Direction
The French market is down in negative territory around noon on Wednesday with investors looking ahead to U.S. AI major Nvidia, and some crucial U.S. economic data for directional clues.
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5h 24min ago
DAX Up Marginally; Daimler Truck Holding Rises 3.5%
German stocks are somewhat subdued on Wednesday as investors remain a bit cautious, awaiting AI major Nvidia's earnings update, and the minutes from the Federal Reserve's most recent monetary policy meeting, as well some U.S. economic data, including last month's jobs report.
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5h 49min ago
