Tag:
Barbara Desoer
Latest Headlines
Latest Headlines
David Darnell's trial by fire at Bank of America
David Darnell has lived a lifetime in the last few months at Bank of America. In early September, CEO Brian Moynihan elevated him to co-chief operating officer in charge of all retail banking. He leapfrogged a few other executives, notably Sallie Krawcheck and Barbara Desoer, and instantly became
Corporate perks draw lots of interest
It's become a staple of the financial media: scour regulatory filings to ferret out all the perks that top corporate executives enjoy. The laundry list makes for a great read. The Chicago Tribune,
Jamie Dimon gets help with personal real estate sale
Back in 2007, JPMorgan Chase CEO Jamie Dimon listed his 18-room mansion in Chicago for $13.5 million. It took three years for him to get a deal--for just $6.8 million. While Dimon did not get the price he wanted, it could have been a lot worse. For one thing, he still netted a capital gain. He bou
Bank of America eats large home losses for Desoer
Bank of America ( NYSE: BAC ) is taking some heat for its generous relocation package for top executives. The WSJ 's Deal Journal sets up a contrast between the bank's opposition to a government plan to reduce principal for some underwater homeowners and its willingness to eat massive los
Bank of America creates a 'bad bank'
In its on-going efforts to clean up the mess stemming from the purchase of one-time mortgage giant Countrywide, Bank of America has created a "bad bank." Other banks, notably Citigroup, have also created such entities to deal with toxic assets. The new Bank of America unit, while not a separate le
Bank of America pledges to end robo-signing, but how?
When Barbara Desoer, president of the Bank of America's home loans division, appeared at a Congressional hearing, she said all the right things, including a pledge that the legal documents used in the foreclosure process from now on will be reviewed individually by the signer and promptly notarize
Bank of America hits back at critics
Bank of America (NYSE: BAC ) had engaged in a somewhat novel tactic in the PR wars over its foreclosure policies, which have ignited much angst. The bank's PR team has apparently authorized an article on the Huffington Post from Rebecca Mairone, who is identified as a "Default Servicing Exe
Woman in middle: Barbara Desoer of Bank of America
Barbara Desoer was once thought to be a candidate to become CEO of Bank of America (NYSE: BAC ). That was before former CEO Ken Lewis was forced to resign in ignominy. In the Brian Moynihan era, the chatter has been about the predicament she and the bank find themselves in. She's the woman in t
The best job in banking?
Breakingviews suggests that for all the challenges, discussed at length here, whoever takes over as CEO of Bank of America will also be facing an incredible opportunity, one that few executives will ever have. The chance to rebuild a bank like Bank of America comes once in a lifetime. And fran
A succession plan after all?
"I get tired of hearing we didn't have a succession plan," Temple Sloan , the former lead director at Bank of America tells Bloomberg . "I had the list and we discussed it every month. There has always been a succession plan. You can't run a company the size of Bank of America without a plan."
