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...The division had roots in Credit Suisse First Boston’s New York mortgage securitisation business in the 1980s and was led by veteran executive Jay Kim, who moved with most of the team to Atlas SP when the...
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...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...The proposed tie-up comes as President Joe Biden’s administration has unleashed a crackdown on anti-competitive conduct across the US economy, and federal regulators have proposed new limits on big bank...
...Goldman has seen a spate of high-profile women leave, including Beth Hammack, who was once touted as a potential chief financial officer of the bank; Dina Powell McCormick, who left to join merchant bank...
...The bank also said it had started a process to bring in new chief risk and audit executives “with large bank experience”....
...The fight between the sides had been a rare controversy at a bank considered among the most profitable Wall Street advisers in history....
...In a separate statement on Friday, NYCB said it had appointed George Buchanan, an executive at Regions Bank, as its new chief risk officer....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...Mark Mason, chief financial officer, told reporters that 7,000 employees had been given notice that their jobs had been eliminated since the reorganisation began, 2,000 more than the bank had previously...
...They replace Daniel Pinto, who will remain the bank’s president and chief operating officer, and is still Dimon’s main deputy....
...Shortly after Raghavan’s move to Citi was announced, JPMorgan sent a memo to employees announcing that Filippo Gori and Doug Petno would become co-heads of global banking: a new division encompassing JPMorgan...
...That division will now be known as the commercial and investment bank after Dimon merged it with JPMorgan’s commercial banking division. Doug Petno will remain chief executive of the commercial bank....
...JPMorgan chief financial officer Jeremy Barnum told analysts that customers were moving more money to accounts that offered higher savings rates, eating into the bank’s margins from lending....
...Cohen previously served as chief strategy officer at Goldman Sachs, and Solomon praised her ability to work with engineers in the memo announcing her departure....
...The New York-based hedge fund released a 133-page report this month that took aim at Disney’s board and set out initiatives to “restore the magic”....
...The tech giant is also running a 10-year partnership with Deutsche Börse, while New York’s Nasdaq is working with Amazon Web Services....
...With interest, the total amount of penalties handed down could exceed $450mn, New York attorney-general Letitia James said in a statement after the decision....
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
...The bank also bought most of failed US lender First Republic last year....
...New York-based Visible Alpha pools together investment research and financial models by sellside investment banks into aggregated data for asset managers....
...Amer Sports, owner of brands including Salomon, Wilson and Arc’teryx, has filed for an initial public offering on the New York Stock Exchange, as the Chinese-owned company looks to raise money to reduce...
...But he later fell out with his cousin Evelyn de Rothschild over the strategic direction of the bank, and struck out on his own in 1980....
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