SunTrust Axes 3 Finance Execs, to Restate
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, on Wednesday said it fired three finance executives,  including its chief credit officer, after finding "numerous  errors" in how much to set aside for bad loans.
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We're back to bow to three more cash-flow rulers of Fooldom.
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SunTrust Banks Inc. on Monday said it put two senior finance executives on paid leave, and expects to restate first and second-quarter profit higher as it fixes errors in how it accounts for loan losses.
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At least one high-level Sun exec is departing after a shake-up affecting the Sun Grid.
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The chief executive and chief financial officer of America's largest mortgage company resign after accounting irregularities are uncovered.
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SunTrust Banks Inc. STI.N on Monday  said it put two senior finance executives on paid leave, and  expects to restate first- and second-quarter profit higher as  it fixes errors in how it accounts for loan losses.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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SunTrust Banks (STI), a large regional bank, said Wednesday it fired three finance executives, including its chief credit officer, after uncovering problems in how it accounted for bad loans.
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SunTrust Banks Inc. STI.N, which  fired three executives over its accounting for bad loans, on  Friday restated first-half profit higher by $25.1 million,  slightly more than it had forecast, to fix the errors.
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Three top Citigroup executives, including Vice Chairman  Deryck Maughan, are leaving the financial services giant in the  wake of a scandal at its Japanese private banking unit.
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SunTrust Banks Inc. said Wednesday that an internal review of errors in its accounting for loan-loss allowances found &quot;a material weakness in the company&#39;s internal controls over financial reporting,&quot; and
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Three of Citigroup's most senior executives are to leave the Wall Street heavyweight following last month's closure of its Japanese operations, reports say.
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Citigroup has removed three senior executives, including Sir Deryck Maughan, its British-born vice-chairman, following a scandal which has forced the closure of one of the bank&#39;s Japanese businesses.
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WASHINGTON : US banking giant Citigroup Inc has ousted three senior executives after Japanese regulators last month ordered it to shutter its private banking operations in the country for violating banking laws.
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Washington (Dec. 23, 2004) - Two top executives and auditor KPMG are out this week at Fannie Mae, following the Securities and Exchange Commission&#39;s decision that the mortgage giant violated accounting rules, leaving it faced with a massive restatement.
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The chief executive and chief finance officer of America&#39;s second-largest financial institution, mortgage provider Fannie Mae, have stepped down following a row over accounting irregularities.
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Struggling to reorganize after being accused of cheating its customers, Marsh & McLennan said that it was removing five executives from its board.