Updated October 8 at 5:08pm
121 results total, viewing 1 - 10
Bank of America Corp. is cutting dozens of jobs across the firm’s trading and banking divisions after CEO Brian Moynihan pledged to trim expenses amid a decline in trading revenue, according to two people with knowledge of the plans. more
Banco Santander SA raised its capital ratio target for a third time this year, as investors seek assurances the company is tackling a weakness that has weighed on its stock. more
Brian Moynihan will keep his dual role as Bank of America Corp.’s chairman and CEO after shareholders voted to ratify governance changes made last year. more
In the year since she became chairman, Banco Santander SA’s Ana Botin has cut the dividend, tapped shareholders for funds and replaced management in the U.S., Brazil and the bank’s home market of Spain. more
If Bank of America Corp.’s biggest shareholders are any indication, CEO Brian Moynihan probably will be allowed to remain chairman. more
“Minority and small businesses in the urban core have generally found it difficult to access commercial loans,” said Lisa Ranglin, Rhode Island Black Business Association president. more
Citizens Bank has named a financial services veteran to become its new president of wealth management, succeeding Mike Millard who is retiring after holding the position for 10 years. more
Retail executives with hefty pay packages and plenty of low-wage employees could end up looking worse than bank leaders when the rule requiring companies to report the gap between their CEO and their median worker goes into effect. more
Bank of America Corp. should either change the makeup of its governance committee or get rid of CEO Brian Moynihan, according to Mike Mayo, an analyst at CLSA Ltd. more
Three global banks are in danger of losing their ability to manage pension funds in the U.S., as the Department of Labor wrestles with how to hold financial institutions accountable for criminal misconduct. more
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