Tag:
Kerry Killinger
Latest Headlines
Latest Headlines
FDIC sues WaMu execs--and their wives
In its highest-profile enforcement action against top executives at banks that imploded in the financial crisis, the FDIC has sued three executives of Washington Mutual--as well as two of their wives. The FDIC's civil action seeks $900 million in damages for gross negligence ahead of WaMu's demise
Goldman Sachs' customer relations efforts winning hearts?
Whether customers are defecting from Goldman Sachs ( NYSE: GS ) is hard to quantify. As of now, it's fair to say the firm has lost some clients. But the clients that the firm cares most about are big Fortune 500 companies, and the New York Times reports that many of them are supporting the c
Goldman Sachs to lose more customers soon?
Will lost business be the straw that breaks the back of Goldman Sachs ( NYSE: GS ) CEO Lloyd Blankfein ( Lloyd Blankfein news) and president Gary Cohn? One could argue that all other sins are manageable and forgivable--actual criminal charges would be another story, however. If customers star
Does Goldman Sachs need to mend ties with corporate clients
"I do not believe that institutions will stop trading with Goldman Sachs ( NYSE: GS ) over this issue. The company's presence, systems, capital, and expertise in trading markets make it number one in the world in this activity. It cannot be easily replaced. Similarly, I do not believe that the c
WaMu execs speak candidly about Goldman Sachs, Lehman Brothers and others
So what do executives really think of Goldman Sachs ( NYSE: GS )? The evidence that the Senate Permanent Subcommittee on Investigations amassed on Washington Mutual ( WaMu news) included some interesting back-and-forth among executives about the pros and cons of top investment banks.
WaMu
WaMu executives knew about fraud
Looks like it's Washington Mutual's ( WaMu news) turn in the hot seat. Ahead of scheduled hearings, the press was abuzz with the leaked news that top executives at the disgraced bank--which became the largest bank failure in history--knew about rampant fraud in the banks' home lending arena, an
Who's really calling the shots at WaMu?
Washington Mutual made headlines when it announced that the board had finally ousted ex-CEO Kerry Killinger, instead hiring Alan Fishman, currently chairman of New York commercial mortgage broker Meridian Capital Group. The real news was that the company signed a memorandum of understanding with t
WaMu no longer in need of capital?
Thanks to Merrill Lynch's John Thain (fairly or not), people tend to be skeptical when they hear from CEOs that their bank's capital ratios look good. So what should one think of rumor-battered Washington Mutual CEO Kerry Killinger's statement to a Fox-Pitt Kelton analyst that thrift's liquidi
Washington Mutual lays an egg
Things were looking good for much of the commercial bank sector this week. The upside surprises from the likes of Citigroup , Bank of America and Wells Fargo were welcome news. Unfortunately, Washington Mutual just joined Wachovia in raining on the parade. WaMu, the big thrift,
Washington Mutual board makes big changes
The board of Washington Mutual is getting busy, as it should. It certainly doesn't want to be seen as a done-nothing sort of board that fiddled while the company burned. It announced that it has stripped controversial CEO Kerry Killinger of the chairman title. This is somewhat foreboding. Reca
