Pennant Management, a Wisconsin investment manager for community banks and retirement plans, sued a Florida lender for allegedly selling it more than $22.8 million in sham loans that the lender said were guaranteed by the government.
As the only female among the 125 brokers in her office, Julie Goodridge felt that gender mattered in a big way. The CEO of NorthStar Asset Management shares the experience that prompted her to leave the corporate world to start her own company focused on socially responsible investing.
Private banks that fail to embrace information technology and mobile services are at risk of becoming "dinosaurs," says an executive at ABN Amro.
After a 20-year career at the World Bank, Beschloss is now president and CEO of the Rock Creek Group, a global advisory and asset manager, previously called Carlyle Asset Management Group.
KeyCorp's Beth Mooney tops the 25 Most Powerful Women in Banking list; the 25 Most Powerful Women in Finance list is led by Mary Callahan Erdoes at JPMorgan Chase; and Jane Fraser at Citigroup heads the 25 Women to Watch list.
As the founder and CEO of NorthStar Asset Management, Julie Goodridge is pushing companies like PepsiCo to adopt more socially responsible policies. But her biggest impact has been on public policy: it is her lawsuit that led to gay marriage becoming legal in the United States for the first time.
Former House Majority Leader Eric Cantor landed a job at investment bank Moelis & Co. that will pay him at least $3.4 million, more than his Tea Party-backed opponent spent to beat him in a Republican primary.
Canadian Imperial Bank of Commerce said third-quarter profit rose 4.9 percent as buoyant markets boosted wealth-management earnings and the lender won investment-banking business from oil and gas companies.
Banks that own broker-dealers need to hold more capital to withstand runs and other shocks, said Eric Rosengren, the head of the Federal Reserve Bank of Boston said Wednesday.
Jennifer Openshaw has been named the executive director of the Financial Women's Association, a nonprofit business forum for women.
Alan C. "Ace" Greenberg, who as chief executive officer of Bear Stearns Cos. transformed a small bond shop into the fifth-largest U.S. securities firm before it collapsed in 2008 in one of the key events of the global credit crisis, has died. He was 86.
Bank of New York Mellon Corp., under pressure from activist Nelson Peltz to lift its share price, said second-quarter net income declined as the world's largest custody bank eliminated jobs to cut costs.
Northern Trust (NTRS) in Chicago has named a new chief financial officer and split the roles of president and chief operating officer as part of series of leadership changes that will take effect on Sept. 1.
Bank of New York Mellon Corp., the world's largest custody bank, said two of its executives, Curtis Arledge and Brian Shea, have been given added duties while another, Tim Keaney, will leave the company.
NCR announced that Morgan Stanley is the latest financial institution to use its mobile remote deposit capture software. The bank will let wealth management customers deposit checks through their handheld devices.