For the second time in his seven years as CEO, Koji Nagai has announced massive cost cuts
Proxy advisers also target CEO pay and fund group chairman Michael Dobson
Regulators give nod to new tool that mimics active fund management
Goldman Sachs’ David Solomon is far from the only boss to be hit by bad news after replacing a long-serving leader
Readers debate the Federal Reserve’s potential entry into real-time payments, consider the Consumer Financial Protection Bureau’s guidance for assessing fines, discuss the efficacy of financial education programs and more.
The special counsel’s long-awaited report describes three separate occasions in which Foresman, vice chairman of the Swiss company’s investment bank, had Trump-related contacts with Russians.
The Rhode Island bank’s deposit costs nearly doubled in the first quarter, but CEO Bruce Van Saun says it has to go on the offensive to sustain loan growth.
Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.
Measures of loan performance were generally better than expected at Ally, American Express, Synchrony and Sallie Mae. Their 1Q reports suggest that consumers remain able to meet their obligations despite a long run-up in debt.
It is very rare to see a private equity firm give back money