Update 2: Top Citigroup Executives Swap Jobs
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In a move Citigroup Inc. said was aimed at broadening the experience of up-and-coming executives, two of its top managers are swapping jobs.
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TechWeb - A total of 18 executives have changed their roles this time around, including 14 promotions, three departures and a temporary shift.
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Citigroup Inc.&#39;s Deryck Maughan, who was picked by Warren Buffett to help Salomon Brothers recover from the firm&#39;s role in rigging the Treasury market, lost his job a dozen years later after a banking scandal in Japan.
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Citigroup Inc Chief Executive Charles Prince plans to resign this weekend, the Wall Street Journal said, as the widening subprime mortgage crisis deals a final blow to a reign long under attack.
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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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Money manager Legg Mason Inc.  on Friday announced another high-profile change in its top ranks, saying chief administrative officer Timothy Scheve will leave to take the top job at another company.
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Two former Citigroup executives won dismissal yesterday of a lawsuit in which the government accused them of keeping tens of millions of dollars for the bankâs asset management arm that should have gone to reduce mutual fund fees.
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Three senior Citigroup Inc.  executives are leaving the company, after being found partially responsible for last month's forced closure of Citigroup's private bank in Japan, a person familiar with the matter said.
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The departure of Farzad Nazem will follow other senior executives who have left in the wake of the overhaul.
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Gap Inc  chief financial  officer Byron Pollitt is leaving to become finance chief for  Visa Inc, the companies said, marking the second high-level  executive exit this year for the clothing retailer as it  wrestles with a multiyear sales slump.
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NEW YORK, Dec. 11 -- Citigroup on Tuesday named Vikram Pandit, a Wall Street veteran versed in arcane areas of the credit market, as its chief executive.
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Fannie Mae's board of directors may have found it hard to get rid of the company's top two executives, but a difficult job remains in navigating the transition to the next senior management team.
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Citigroup Inc., the financial services giant, said yesterday that it was removing three senior executives in the wake of a banking scandal in Japan.
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Citigroup,  under pressure to cut  costs and boost revenues, said on Monday it had named Robert  Druskin as chief operating officer.
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Citigroup , which has been raising funds since taking a huge hit from the U.S. subprime mortgage meltdown, has sold its Japan headquarters to rival Morgan Stanley  in a deal reportedly worth US$445 million.
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Citigroup Inc. (CN: Quote, Profile, Research) on Monday said one of its fast-rising executives, Sallie Krawcheck, will take over the No.
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The Wall Street Journal reports Merck &amp; Co. of Whitehouse Station, NJ, has begun hunting for a new chief executive officer. The move comes amid a string of bad news at the drug maker, including its recent