Thornburg Mortgage names CEO, reinstates dividend
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Thornburg Mortgage Inc  said on Tuesday that it promoted its chief operating officer to CEO and reinstated a quarterly dividend despite ongoing turmoil in the mortgage market.
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Wachovia Corp. (WB.N: Quote, Profile, Research) , the fifth-largest US bank, on Thursday named David Carroll head of capital management, one of its biggest businesses, replacing Donald McMullen, who is retiring.
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Merrill Lynch & Co Inc  has rehired Jeffrey Kronthal, a fixed-income executive who left the company last year, to help sort through its subprime mortgage problems, the brokerage told employees on Monday.
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Wells Fargo & Co. , the  fifth-largest U.S. bank, on Wednesday named John Stumpf chief  executive, replacing Richard Kovacevich, who will remain  chairman.
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SunTrust Banks, the seventh-largest US bank, yesterday overhauled its management weeks after it restated earnings and fired three executives because of accounting errors.
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The staff of the Securities and Exchange Commission has ordered Fannie Mae, the nation&#39;s largest buyer of mortgages, to restate its earnings over the last
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Thornburg Mortgage Inc  said on Thursday it raised $500 million by selling convertible preferred stock, a move that will boost funding and allow it to resume making new loans after getting hit by a credit squeeze.
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I gotta admit I did a double take. The press release read: &quot;Winn-Dixie Appoints Peter Lynch President and CEO.&quot;. Supermarket chain Winn-Dixie (NYSE: WIN) ousted its current CEO Frank Lazaran
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JP Morgan Chase &amp; Co. on Tuesday shuffled top management at the firm which led to chief financial officer Dina Dublon resigning from the Wall Street giant and investment banking chairman David Coulter being reassigned to control West Coast operations.
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(Corrects David Hauserâs title to CFO from CEO in paragraph 3)
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LOS ANGELES, Oct. 30  â The chief executive of Countrywide Financial, Angelo R. Mozilo, has been sued by a pension fund that accused the company of helping executives pocket improper gains by artificially inflating its stock price through share buybacks.
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A larger dividend, more stock buybacks, and a new CEO -- oh my!
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The giant student lender whose $25 billion buyout has run aground said on Friday that its executive chairman would again take up the role of chief executive.
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Reliant Energy Inc.  on  Thursday said Mark Jacobs would succeed Joel Staff as its chief  executive officer, effective as of the company's 2007 annual  meeting.
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Bear Stearns Asset Management CEO  Richard Marin is taking a stronger role in managing its two  troubled hedge funds and tapped mortgage unit head Thomas  Marano to save one of the funds, two sources familiar with the  decision said.
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Reliant Energy Inc.  on Thursday said Mark Jacobs would succeed Joel Staff as its chief executive officer, effective as of the company's 2007 annual meeting.
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Bear Stearns's James E. Cayne handed over the chief executive role to his handpicked successor, staying on as chairman as the securities firm tries to recover from the collapse of the subprime mortgage market.