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News

Goldman Sachs says layoffs imminent

We all knew this was coming. We just didn't know when. Goldman Sachs' lousy second-quarter earnings, the biggest downside earnings surprise for the gilded bank in recent memory, has forced its hand Read more...

As chief risk officers' stature rises, conflicts with CFOs loom

We discussed recently the idea that David Viniar, the CFO of Goldman Sachs, is perhaps so valuable to the bank that he couldn't be replaced by a single person. Given his broad oversight of risk Read more...

Bank CFO: A terrible job?

There was a time when we all speculated about how the office of the CFO had been elevated at top banks. To some, the job had become a stepping stone to the CEO position. If someone could succeed as Read more...

Regulatory incident casts doubts on Bank of America management

What in the world is going on at the top of Bank of America (NYSE: BAC)? It turns out that CFO Chuck Noski and Chief Accounting Officer Neil Cotty weren't even informed about a regulatory filing that Read more...

Angelo Mozilo settles fraud charges; did he escape justice?

In the end, a settlement was the safest play for all participants: Angelo Mozilo, the reviled ex-CEO of Countrywide; Bank of America, which bought Countrywide; and the SEC, which could ill afford Read more...

Mike Mayo to meet Citi execs Oct. 1

And so a date has been set. Analyst Mike Mayo, a thorn in the side of Citigroup (NYSE: C) executives as of late, will meet with top executives Oct. 1. Mayo was more than willing to discuss the news Read more...

Citigroup takes aim at star analyst

Mike Mayo, a well-known name in the bank stock analyst world, has long been an bête noire at Citigroup (NYSE: C). The latest: The CLSA analyst has angered executives because of his view, which Read more...

Lehman investigation focuses on Erin Callan

Erin Callan (Erin Callan news) tried to start a new life away from the harsh glare that was so unkind to her on Wall Street. But can she escape the consequences of her ill-fated stint as chief Read more...

Madoff associate rewarded for cooperation

Frank DiPascali, the longtime employee of Bernard Madoff (Bernard Madoff news) who rose to be his chief financial officer (CFO news), faces up to 125 years in prison, but "it is likely his Read more...

Did Bernie Madoff have an affair?

Even in jail, the Bernard Madoff news keeps coming, and there's no end in sight. The latest is Sheryl Weinstein's account, "Madoff's Other Secret: Love, Money, Bernie and Me," will be published Aug. Read more...

Press Releases

ACE Limited Board Will Recommend 33% Quarterly Dividend Increase to Shareholders, from $0.35 Per Share to $0.47 Per

ZURICH--(BUSINESS WIRE)-- The Board of Directors of ACE Limited (NYSE: ACE) announced today that it will recommend to shareholders a 33% increase in the company’s quarterly dollar-denominated Read more >>

Viewpointe Realigns Business Structure

NEW YORK--(BUSINESS WIRE)-- Viewpointe®, a leading provider of electronic content management and exchange solutions and services, today announced that it has realigned the organization, announcing Read more >>

Kevin Tweddle of Fiserv Elected President of the Association for Financial Technology

BROOKFIELD, Wis.--(BUSINESS WIRE)-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Kevin Tweddle, executive vice president of Read more >>

S.Y. Bancorp Declares Quarterly Cash Dividend of $0.18 Per Common Share

LOUISVILLE, Ky.--(BUSINESS WIRE)-- S.Y. Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan Read more >>

Verizon CFO to Speak at Morgan Stanley Conference, Nov. 17

NEW YORK, Nov. 16, 2011 /PRNewswire/ -- Francis J. Shammo, executive vice president and chief financial officer for Verizon Communications Inc. (NYSE, Nasdaq: VZ), will speak at the Morgan Stanley Read more >>