-
Promontory Financial Group on Tuesday agreed to a $15 million settlement, and a six-month ban from accepting certain new consulting work in New York, to resolve an investigation by the state's department of financial services into its consulting work at Standard Chartered Bank.
August 18 -
Behind Citigroup's first-quarter results that momentarily pleased investors are darker signs: rising legal and restructuring costs that take away from efforts to reenergize revenue.
April 14 -
For the second time in four years, veteran banker Eugene McQuade is opting not to forge a career at Bank of America Corp. after it buys his current employer.
December 1
Promontory Financial Group has hired former Citigroup and Bank of America executive Eugene McQuade.
McQuade joined the Washington consulting firm as vice chairman of its advisory board, according to a Thursday news release.
McQuade retired from Citigroup in May, having led its effort to pass the Federal Reserve's Comprehensive Capital Analysis and Review tests. He postponed his retirement in April 2014, to oversee Citi's efforts to get the Fed's approval on stress testing. McQuade joined Citi in 2009 as chief executive of Citibank.
Previously, McQuade was head of banking at Bank of America Merrill Lynch; president and chief operating officer at Freddie Mac; and president at FleetBoston Financial before it was acquired by Bank of America.
"I sought Promontory's assistance on a number of occasions over the years, and appreciated the superb advice and outstanding work its professionals provided at every turn," McQuade said in the release.
