Finance, Banking & Insurance

Selangor – October 17, 2026 -- Founder Group Limited (FGL) will combine its shares at a ratio of 100 for 1 effective September 1, 2026, shrinking its Class A share count from 7,369,159 to approximately 73,693 as it works to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).

Class A shares move to a new CUSIP on September 1

Class A shares will trade on the Nasdaq Capital Market on an adjusted basis from the opening of trading on September 1, 2026. The ticker stays "FGL", but the shares carry a new CUSIP number, G3662E147. The company said the aim is to maintain its Nasdaq listing.

Class B count falls from 186,358 to about 1,865

Immediately before the combination, 7,369,159 Class A shares and 186,358 Class B shares, both of no par value, are issued and outstanding. Afterwards, Class A shares will total approximately 73,693 and Class B shares approximately 1,865.

Bangkok – October 17, 2026 -- The Arab Gulf Programme for Development (AGFUND) has disbursed more than US$1.37 billion in financing to over 1.3 million clients since inception, and its microfinance network has now won the "Excellence in Inclusive Banking and Social Impact" award at the 2026 Sustainable Development Goals Awards.

The World Savings and Retail Banking Institute (WSBI) organized the awards with the European Savings and Retail Banking Group (ESBG). AGFUND CEO Hammam bin Nasser bin Juraid accepted the award in Bangkok, alongside the Annual Meetings of the International Monetary Fund and World Bank Group.

AGFUND network has issued 1.5 million loans across nine countries

AGFUND opened its first bank in Jordan in 2004. The network now covers Jordan, Yemen, Bahrain, Syria, Lebanon, Palestine, Sudan, Mauritania and Sierra Leone, focusing on communities underserved by conventional financial institutions.

San Francisco – October 17, 2026 -- Corgi Insurance has appointed James Kullman, a commercial underwriter with nearly 15 years of experience, as Head of Underwriting, North America.

Kullman moves from Chubb's small and lower middle market unit

Kullman joins from Chubb, where he most recently served as Assistant Vice President and Pacific North Region Underwriting Manager for North American Small and Lower Middle Market. His earlier underwriting roles were at CNA Insurance, The Hartford and Liberty Mutual. There he worked across construction, middle-market accounts and property and casualty insurance.

Dallas – October 17, 2026 -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) will become The NXG Cushing® Energy Infrastructure Fund effective October 17, 2026, after its Board of Trustees approved a new name and a broader 80% investment policy.

The ticker symbol SRV and the CUSIP 231631300 for the Fund's common shares will not change.

Singapore – October 17, 2026 -- BUUU Group Limited (Nasdaq: BUUU) will begin trading its Class A ordinary shares on a split-adjusted basis at market open on October 17, 2026, after its board approved a 10-for-1 forward share split. The company says the move is meant to broaden its investor base and improve trading liquidity.

Split subdivides Class A and Class B shares into ten each

Each issued and unissued Class A and Class B ordinary share will be subdivided into ten shares of the same class. Shareholders will hold nine additional shares for every share held before the split. The Class A shares stay on the Nasdaq Capital Market under the symbol "BUUU" and will carry a new CUSIP number, G1739L110. The board approved the split on October 17, 2026.

San Francisco – October 17, 2026 -- Corgi Insurance placed No. 16 among the 50 top startups in the United States and No. 6 in San Francisco on LinkedIn's 2026 Top Startups lists.

LinkedIn ranks startups on hiring and talent signals

LinkedIn's annual rankings draw on platform data, including employee growth, jobseeker interest and a company's ability to attract talent from leading companies. This year's list spans multiple industries and includes Mercor, Anthropic and Perplexity.

Corgi is building an AI-native commercial carrier

Corgi describes itself as an AI-native, full-stack commercial insurance carrier serving startups and small businesses. It applies technology and automation across the insurance lifecycle, with the aim of making coverage faster and more accessible. The company also plans to expand its offerings across industries and emerging risks.

Richmond – October 17, 2026 -- The American Bankers Association has given Blue Ridge Bank Executive Vice President and Deputy Chief Risk Officer Rebecca "Becky" Schauer Robertson its Distinguished Service award for Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT).

Robertson's 30-year career spans traditional and fintech banking

Robertson has built expertise in risk strategy, financial crimes compliance and regulatory remediation across both traditional and fintech banking environments.

She helped found ABA's AML and Fraud certification and school

Robertson served on the founding boards of the Certified AML and Fraud Professional certification and the ABA AML and Fraud School. She also helped design the school's original curriculum, recruited faculty and developed educational content. She remains one of its most highly regarded instructors.

Chicago – October 17, 2026 -- Cboe Global Markets has appointed Catherine Grover, a 29-year veteran of PNC Financial Services Group, as Executive Vice President and Chief Human Resources Officer, effective October 17, 2026.

Grover to run Cboe's global HR function from Chicago, reporting to the CEO

Grover will oversee Cboe's global human resources operations and align talent, organizational and workforce strategies with the company's next phase of growth. She will be based in Chicago and report to Chief Executive Officer Craig Donohue.

Manchester – October 17, 2026 -- HelloNation has published an article featuring Eric Miltner of PayPact in Manchester, New Hampshire, arguing that eCheck payments can speed collections and reduce manual work for local small businesses still relying on paper checks.

Paper checks slow cash flow and add error risk for New Hampshire businesses

Mailing, depositing and manual recordkeeping extend the payment cycle, according to the article. Contractors, medical offices, property managers and professional service firms are most exposed to delays from mail delivery, manual deposits or payment posting errors.

eCheck payments move through the ACH network, but the terms are not identical

An eCheck is the customer's payment method, drawing funds directly from a checking or savings account. ACH is the bank network that processes the transfer. The article stresses that the two terms are often used interchangeably but describe different things.

Detroit – October 16, 2026 -- Benzinga has opened submissions for its 12th annual Benzinga Awards, charging $250 per single award entry or $500 for unlimited entries per company, with the portal closing October 23, 2026 at 11:59 PM Eastern.

DALBAR joins as independent judge for the 2026 program

The digital awards program, which recognizes companies, innovators and professionals across financial services and fintech, is judged in collaboration with DALBAR. Steve Worthy, Managing Director of DALBAR, said the firm will contribute independent research and analytical rigor, assessing nominees against objective standards of excellence, innovation and client impact.