Yes Bank's succession plans will be clearer after SMBC's stake purchase. Prashant Kumar's tenure got a six-month extension. SMBC applied to RBI and CCI for approvals. The deal finalization awaits these approvals. Kumar anticipates a challenging September quarter for the banking sector due to sluggish credit growth and the impact of repo rate cuts.
Darlena Williams-Burnett, the wife of the front-runner to be next Chicago Housing Authority CEO Ald. Walter Burnett, violated the housing authoritys ethics policy when employed by the agency in 2022.