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BofA Could Take Cue From Ford, IBM
Bank of America's board might do well to look outside the banking sector for a CEO to replace Ken Lewis, who will leave the post at the end of the year.
08:43AM 11/05/09
Gasparino Insists Kelly Still On BofA List
Bank of New York Mellon Chairman and CEO Robert Kelly is still in the running to be the next CEO of Bank of America, according to a report by CNBC's Charlie Gasparino.
12:08PM 11/04/09
Ex-Citi Exec To Start Hedge Fund: Report
A former Citigroup executive, Tom Maheras, has reportedly raised $100 million to start his own hedge fund, according a published report.
11:35AM 11/04/09
Goldman Sees Hedge Fund Rebound
Goldman Sachs sees a resurgence in the hedge fund industry, according to bullish comments Wednesday on Och-Ziff Capital Management.
11:20AM 11/04/09
Citigroup's executive ranks remain intact nearly a month after a report from consultant Egon Zehnder was critical of certain members of senior management.
08:42AM 11/04/09
Overlooked Banks Tend to Outperform
Mutual holding companies, a group of semi-public banking institutions, have an unusual capital structure that might offer some advantages over traditional names
02:05PM 11/03/09
Senior writer Dan Freed notes that Morgan Stanley's stock has outperformed its peers since John Mack announced his plans to step down from the CEO post.
08:49AM 11/03/09
JPMorgan, Citi Bulk Up Debt Underwriting
JPMorgan Chase and Citigroup are both moving up in the league tables for debt underwriting, according to the latest data from Dealogic.
12:50PM 11/02/09
Treasury Loses Out in CIT Bankruptcy
CIT Group filed a prepackaged bankruptcy plan on Sunday, an event that likely means the U.S. Treasury will lose its entire $2.3 billion investment in the lender.
09:05AM 11/02/09
Prepackaged Bankruptcy Seen for CIT
Shares of CIT Group slumped Friday after a published report said the troubled lender was likely to end up filing for bankruptcy protection, possibly as soon as Sunday.
12:18PM 10/30/09
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