Managing director H. Thomas Moffett is to become
He will succeed Shaugn Stanley, who is to leave at the end of October.
Though the company would not say why Mr. Stanley is leaving, San
In the last two weeks at least eight top investment bankers have left
Mr. Weisel plans to form a San Francisco-based merchant bank, and about
Some Bay Area investment bankers expect more Montgomery bankers to leave
Mr. Moffett is to be promoted to senior managing director. He will
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
The ABA is testing an information-exchange network to allow banks to share their fraud data with each other. Companies including Baselayer are also building solutions.
Republicans on the House and Senate Small Business committees are accusing the SBA of being irresponsible in granting Funding Circle permission to participate in its flagship loan-guarantee program.
Strong consumer spending and cross-border activity drove an 8% increase in Visa's total payments volume during the first quarter of the year, although Asia's economic recovery is taking longer than expected.
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
