SunTrust Fires Three Finance Executives
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, fired its chief credit officer and two other finance  executives after finding numerous errors in calculating how  much to set aside for bad loans, the company said on Wednesday.
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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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SunTrust Banks Incorporated has fired its chief credit officer and two others in its credit division after an investigation found errors in its calculation of auto loan default reserves.
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Three top executives at Aer Lingus will leave the state carrier within weeks after accusations of a conflict of interest.
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Fannie Mae, the mortgage finance giant, forced out its chairman and chief executive, days after the company was found to have violated accounting rules.
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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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Three senior executives at Citigroup were forced to resign yesterday as Charles O. Prince, the firm&#39;s chief executive, delivered on a promise to improve the bank&#39;s sullied reputation in
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Action Performance Cos. Inc. Friday announced the resignation of Chief Financial Officer, Secretary and Treasurer R. David Martin effective immediately.
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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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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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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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SunTrust Banks Inc. has fired its chief credit officer, Sandra W. Jansky, and two others in its credit division after an investigation found errors in its calculation of auto loan default reserves, the company said Wednesday.
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PeopleSoft Inc. PSFT.O on Friday  fired Chief Executive and President Craig Conway, citing a loss  of confidence, and the software company's shares jumped on  expectations that the move could pave the way for a deal with  hostile bidder Oracle Corp.
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Fannie Mae will announce tonight that chairman and chief executive Franklin D. Raines has resigned, according to two sources familiar with the decision. The action comes just days after U.S. securities regulators confirmed that the mortgage industry giant had made serious and costly errors of financial reporting, according to two sources familiar with the decision.
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SunTrust Banks Inc. STI.N, the No. 7  U.S. bank, 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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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, more  than it had forecast, to fix the mistakes.
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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.