A Bond Insurer Ousts Its Chief After Taking a Big Write-Down
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Michael A. Callen will succeed Robert J. Genader as chief executive of the Ambac Financial Group, after the bond insurer cut its dividend 67 percent.
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The top managers of WellCare Health Plans, an insurer being investigated by the F.B.I. for possible fraud, resigned Friday.
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The chief executive and chairman of the world's biggest broker of insurance stepped down after his company was accused of cheating customers.
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The chief executive and top financial officer at mortgage giant Fannie Mae were forced out of the company Tuesday as the nation&#39;s second largest financial institution struggled to deal with revelations of serious financial reporting problems.
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The chief executive and top financial officer at mortgage giant Fannie Mae were forced out of the company Tuesday as America&#39;s second-largest financial institution struggled with revelations of serious financial reporting problems.
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MBIA Inc  ousted Chief Executive Gary Dunton and replaced him with former CEO Joseph "Jay" Brown as the bond insurer scrambles to overcome mortgage-related losses, maintain a top credit rating and restore market confidence.
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The retailer's CEO steps down amid a shakeup in operations.
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HONG KONG - Standard Chartered PLC said Monday its chief executive in Hong Kong has resigned, less than a week after the British-based bank said it was laying off 200 local employees.
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The president of troubled retailer Daiei announced his resignation Friday, two days after he was forced by lenders to seek a government bailout.
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Two top-ranking executives of the insurance brokerage unit at Marsh &amp; McLennan Company and the company&#39;s general counsel were forced out yesterday as Marsh took another step in reorganizing
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America&#39;s biggest mortgage lender was thrown into turmoil yesterday when the industry watchdog accused it of having major accounting problems and doubted the &quot;soundness&quot; of the company.
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In a surprise move, the business software maker fired CEO Craig Conway Friday, saying it has has lost confidence in the feisty leader who engineered the company's dogged resistance to a takeover bid by rival Oracle Corp.
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The head of Marsh &amp; McLennan Companies Inc., the nation&#39;s largest insurance broker, resigned Monday, clearing the way for the settlement of bid-rigging charges brought by New York&#39;s attorney general.
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State Street ousted a senior executive on Thursday and said it would set aside $618 million to cover legal claims stemming from investments tied to mortgage securities.
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The chief of the world's largest insurance broker resigns 11 days after the firm was sued in an alleged price-fixing case.
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SunTrust Banks Inc., a large U.S. southeast regional bank, on Wednesday said it fired three finance executives, including its chief credit officer, after uncovering problems in how it accounted for bad loans.
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Thomas J. Fitzpatrick, the chief executive of Sallie Mae, abruptly resigned yesterday in what sources said was part of a campaign by the Reston-based student loan company to improve its tattered image on Capitol Hill.