Third Point, one of Yahoo Inc.'s largest investors, is pressuring the company to dismiss Chief Executive Scott Thompson after his academic computer science credentials were misrepresented, Bloomberg reports.
Third Point, which wants representation on Yahoo's board, says Yahoo should "terminate Thompson for cause immediately."
Some observers believe Yahoo hired the former head of PayPal Inc. to develop payments products for the company (
For a
Research from Cerulli Associates indicates that marketing and referrals are the best ways to bring in new clients. Yet few firms devote much time or money to either.
The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.
Climate First Bank's fast-growing loan portfolio is creating the need for additional funding. In response, the Florida bank is rolling out a checking account that pays a high yield and also sends money to a nonprofit organization chosen by the customer.
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
For banks, getting ahead in the digital asset race may be less about picking a winner and more about playing the field.
Bankers largely agree that there should be reforms, but don't agree on which ones; plus, our second batch of best-performing banks.
