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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on June 2, 2023

    Featured image for article about Top Stories

    LONDON (Reuters) -Britain on Friday appointed BBC board member Elan Closs Stephens as the public broadcaster’s acting chair, replacing Richard Sharp who resigned in a cronyism row involving his links to former prime minister Boris Johnson.

    Closs Stephens, a member of the BBC’s governing body since 2010, will remain acting chair from June 27 for a year, or until a new permanent chair has been appointed, the British government said.

    “When she takes over, Dame Elan will provide stability in the leadership of the BBC while a process to appoint a new permanent Chair is run,” Culture Secretary Lucy Frazer said, using Closs Stephens’ honorific title.

    Sharp resigned in April after an independent report found he had breached rules by not disclosing a potential conflict of interest in his role in helping to secure a $1 million loan for then-prime minister Johnson.

    Sharp, a former Goldman Sachs banker and donor to Britain’s governing Conservative Party, became chairman in 2021.

    Closs Stephens has spent a career in broadcasting and academia, and currently serves as the Welsh member of the BBC board. She is also the Electoral Commissioner for Wales and a member of the UK Electoral Commission Board.

    (Reporting by Farouq Suleiman, writing by Sachin Ravikumar; Editing by Kate Holton)

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