Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.
Tuesday, 27 Oct 2009 | Source: CNBC staff and wire reports
Regulators should focus on simplifying, rather than adding to the bank regulation, said Jamie Dimon, CEO of JPMorgan Chase, speaking in support for a resolution mechanism or systemic risk regulator that could deal with banks and other companies that have become “too big to fail.”
OPEC ministers will raise output to protect the global economic recovery at a meeting in December if oil prices rise to $100 per barrel, the group's president said on Sunday.
The sudden death of star dealmaker Bruce Wasserstein on Wednesday has sparked questions about whether the magazines he nurtured will survive in their current form without him.
Thursday, 15 Oct 2009 | Posted By:
Mary Thompson | Source: CNBC.com
Embattled Bank of America CEO Ken Lewis agreed to give up his $1.5 million salary and other compensation for 2009. Lewis will repay the bank the more than $1 million that's been paid to him so far this year.
Monday, 12 Oct 2009 | Source: The Associated Press
Google says a board member who is also a director of computer maker Apple is stepping down, removing a potential conflict of interest as the two companies look to compete more directly.
Thursday, 8 Oct 2009 | Posted By:
Charlie Gasparino | Source: CNBC.com
Robert McCann, the former head of Merrill Lynch's brokerage group plans to join UBS, either to head its wealth management unit or for a higher position, CNBC has learned.
Turnover among CEOs dropped 25 percent in September as compared to the same month a year prior, according to a report by Challenger, Gray & Christmas outplacement company.
Tuesday, 6 Oct 2009 | Posted By:
Charlie Gasparino | Source: CNBC.com
Chief Risk Officer Greg Curl and Head of Retail Operations Brian Moynihan are the two most likely internal candidates to replace Bank of America CEO Ken Lewis, sources close to the situation told CNBC.
Thursday, 1 Oct 2009 | Posted By:
Charlie Gasparino | Source: CNBC.com
Bank of America board members Chad Gifford and William Boardman are at the top of list to replace CEO Ken Lewis for an interim term of about one year, sources close to the situation told CNBC.
Rochdale Securities analyst Richard Bove started Citigroup with a 'buy' rating and a price target of $4 Friday, calling it "the only truly international bank in the world." ... Read More
"That overwhelming multitude of us who grew up learning through emotional connectivity with characters on television we truly cared about are now your customers and prospects seeking an experience from you... Read More
Anthony Viceroy, President of Global Operations, Porter Novelli writes, "Upon peering into its crystal ball late last year, the Economist dubbed 2009 "The Year of the CFO" — which sounds like a pretty exciting prospect for a guy like me... Read More