Bank of America executives Sallie Krawcheck and Mark D. Linsz named to BlackRock boardOctober 9th, 2009 BofA exec Sallie Krawcheck joins BlackRock boardNEW YORK — Investment manager BlackRock Inc. on Friday said Bank of America executives Sallie Krawcheck and Mark D.
Societe Generale becomes second French bank to repay emergency government funding earlyOctober 6th, 2009 SocGen to raise euro4.8 billion to pay state loansPARIS — Societe Generale SA on Tuesday became the second French bank to say it is launching a rights issue to repay emergency funding from the French government early. SocGen, France's second largest bank, said in a statement it wants to raise euro4.8 billion ($7.02 billion), of which it intends to pay back euro3.4 billion to the government.
UAE calls for establishment of regional stock marketOctober 4th, 2009 ISTANBUL - The United Arab Emirates (UAE) has called for setting up a regional financial market for the Middle East and East Asia following the failure of efforts to globalise financial services, WAM news agency reported Sunday. The recommendation was made by Sultan bin Nasser Al Suweidi, governor of the UAE Central Bank, while addressing the meeting of governors of central banks and monetary agencies of member states of the Organization of the Islamic Conference (OIC) which took place at the sidelines of the annual International Monetary Fund-World Bank meeting being hosted by Turkey.
Kosher slaughterhouse executive pleads guilty to conspiring to make false statements to bankSeptember 30th, 2009 Kosher slaughterhouse exec pleads guiltyCEDAR RAPIDS, Iowa — The former chief financial officer for a kosher slaughterhouse in northeast Iowa has pleaded guilty to conspiring to make false statements to a bank. Mitchel Meltzer is the latest executive of Agriprocessors Inc.
Babbitt resigns from Access National board after appointment as FAA administratorAugust 21st, 2009 Babbitt resigns from Access National boardNEW YORK — Access National Corp., the holding company of Access National Bank, said Friday director J. Randolph Babbitt has resigned from the board, following his appointment to administrator of the Federal Aviation Administration.
First Commonwealth CFO Lipkus resigns; search under way for successorAugust 19th, 2009 First Commonwealth says CFO Edward Lipkus resignsINDIANA, Pa. — First Commonwealth Financial Corp.
Casella Waste Systems Chief Financial Officer John Quinn resigns to take new jobAugust 17th, 2009 Casella Waste Systems finance chief resignsNEW YORK — Casella Waste Systems, a solid waste, recycling and resource management services company, said Monday that John Quinn is resigning from his role as senior vice president, chief financial officer and treasurer. The resignation is effective Sept.
Credit Suisse says new AIG chief Benmosche stepping down from bank's board after 7 yearsAugust 10th, 2009 New AIG chief leaves Credit Suisse boardZURICH —Robert Benmosche, who starts this week as the new president and CEO of American International Group Inc., has stepped down from Credit Suisse Group's board with immediate effect, the Swiss bank said Monday. The former chairman and chief executive of insurance company MetLife Inc.
Top SocGen executive resigns after financial market watchdog starts investigationAugust 6th, 2009 Top SocGen executive resignsPARIS — A top executive of Societe Generale SA whose career was damaged by a multibillion dollar trading scandal that rocked the bank has resigned after financial regulators opened an insider trading inquiry against him, the bank said Thursday. The bank said in a statement that both Jean-Pierre Mustier, who most recently headed assets management, and Robert Day, a non-executive director at the bank who is also a target of the probe, reject allegations of insider trading.
GM exec: No preferred bidder for Opel yetJuly 29th, 2009 GM exec: No preferred bidder for Opel yetBERLIN — The chief negotiator for General Motors Co. says there is no preferred bidder for Germany's Opel — though the negotiations are "coming to a point of decision."
John Smith, GM's group vice president and chief negotiator on the sale of Opel, writes in the company's blog that "despite media reports to the contrary, GM has NOT specified its preference for a bidder."
Smith's post said that GM is still in talks with a consortium of Magna International Inc.
Asian rally spurs Indian markets, Sensex up (Roundup)July 14th, 2009 MUMBAI - Buoyed by a strong rally in Asian bourses and renewed buying interest, particularly in realty, metal and consumer durable stocks, a key index of the Indian equities markets closed near its intra-day high Tuesday ending 453 points higher than its previous close. The 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 13,549.42 points, rose 453.38 points or 3.38 percent at 13,853.7 points.
French bank Societe Generale expects 'slightly positive' Q2 income after Q1 lossJuly 6th, 2009 Societe Generale expects profit in 2nd quarterPARIS — Societe Generale, France's second-largest bank, said Monday that its second quarter net income will be "slightly positive" thanks to its corporate and investment banking units. The bank said its overall net income will be hit by a euro1.3 billion ($1.82 billion) writedown from credit default swaps and debt instruments.
Exar CFO J. Scott Kamsler resigns, Finance VP & Controller Kevin S. Bauer named as replacementJune 23rd, 2009 Exar CFO resigns, Kevin S. Bauer named replacementFREMONT, Calif.
Hyundai exec: 'Flexible' gas tax that keeps pump prices stable would ease consumer uncertaintyJune 22nd, 2009 Hyundai exec: Gas tax would ease buyer uncertaintyNEW YORK — Hyundai's top U.S. executive says consumers are skittish about the direction of gas prices and a flexible gas tax is needed to keep pump prices stable.
O. Temple Sloan Jr. resigns from Bank of America board after 13 yearsMay 29th, 2009 Temple Sloan resigns from Bank of America boardNEW YORK — Bank of America Corp. says its lead outside director, O.
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