JPMorgan Splits Retail Unit Among Executives as Scharf Moves On
JPMorgan Chase & Co. split retail banking head Charles Scharf’s duties among three executives and ousted its mortgage chief in a management shuffle at the second- largest U.S. bank.
Source: BusinessWeek
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Magma plans 50 per cent growth in retail loans in Orissa
Kolkata, Jul 19 : Non-banking finance company Magma Fincorp Limited today announced that it would enhance retail loans in Orissa by 50 per cent taking the disbursement amount to about Rs. 367 crore...
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Credit Suisse, News Corp., JPMorgan, Wells Fargo in Court News
Credit Suisse Group AG (CSGN) , the second- biggest Swiss bank, is a target of an investigation by the Department of Justice over former cross-border private banking services to U.S. customers.
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Two top News Corp. executives resign
Les Hinton resigns as chief executive of Dow Jones & Co. and publisher of its Wall Street Journal. Rebekah Brooks steps down as chief of News International in London. Mogul Rupert Murdoch apologizes...
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New Synovus executive Allen Gula Jr. puts focus on growth and expansion, not acquisition
As a banking industry executive, Allen Gula Jr. has followed the plight of Synovus Financial Corp. through the years. He knows the company has struggled mightily with loan losses, an anemic stock price...
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Income split is more than ‘class warfare’ Ron Bartizek Business LOCAL
It’s getting tougher to live in the executive suite, at least if you’re in the financial services business. Last week the Federal Deposit Insurance Corp. adopted a rule that would allow it to go...
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YRC Executive Says Financial Restructuring On Schedule Despite Court Ruling
YRC Executive Says Financial Restructuring On Schedule Despite Court Ruling
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Gulf banks’ Q2 seen higher on retail, lower provisions
Most Gulf Arab banks are expected to report a rise in second-quarter profits due to higher income from their retail banking operations and after booking lower provisions, but weaker investment banking...