Star banker replaces Cayne as Bear Stearns CEO
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Bear Stearns Cos Inc  on Tuesday turned to its star investment banker, Alan Schwartz, to replace James Cayne as chief executive and revive the company's badly damaged mortgage franchise.
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HSBC Holdings, Europe&#39;s biggest bank by market value, said Monday that David Eldon would retire as chairman of Hongkong and Shanghai Banking Corp.
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NEW YORK -- Mel Karmazin, former president of media conglomerate Viacom Inc. , is joining Sirius Satellite Radio Inc. as chief executive, replacing Joseph Clayton, who is staying on as chairman, the company said yesterday.
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Bear Stearns Cos. Inc.  on  Friday replaced the head of its asset management business after  two of the investment bank&#39;s hedge funds hit rock bottom by  making bad bets on risky mortgages.
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Citigroup Inc. C.N on Monday said  one of its fast-rising executives, Sallie Krawcheck, will take  over the No. 2 position at the world's biggest financial  services company, replacing Todd Thomson who will take her job  as head of brokerage Smith Barney.
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Enron Corp. ENRNQ.PK said Friday  Chief Financial Officer Raymond Brown resigned and will be  replaced on an interim basis by Robert Bingham.
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Joseph C. Lewis, the British billionaire who was once the largest shareholder in Christieâs, has built up a big stake in another well-known company: Bear Stearns.
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Rental chain replaces chief executive who was a frequent target of criticism from Carl Icahn.
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Commerce Bancorp Inc.  announced on Friday the sudden departure of Chairman and Chief Executive Vernon Hill and said it agreed with federal regulators on governance changes after coming under fire for doing business with his family and other insiders.
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Enron Corp. ENRNQ.PK on Friday said  Chief Financial Officer Raymond Brown resigned to pursue other  job opportunities and will be replaced on an interim basis by  Robert Bingham.
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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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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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The bond insurer said that a former chief executive, Joseph âJayâ Brown, would replace Gary Dunton as it scrambles to maintain a top credit rating amid mortgage-related losses.
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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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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
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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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Joseph C. Lewis, who became a billionaire trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up about $860 million worth of the investment bank's stock over the past two months.