UBS chief to be replaced: report
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Swiss bank UBS plans to remove its chief executive Peter Wuffli and is expected to replace him with his deputy, The Wall Street Journal reported Thursday on its website.
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The Wall Street Journal, whose parent Dow Jones & Co. is the target of a $5 billion takeover offer by News Corp., is set to shake up its newsroom by reassigning and replacing several top editors, the New York Times reported in its online edition.
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Mehmet Dalman is set to resign as head of Commerzbank Securities in the next few days after disagreements with the management of Germany&#39;s third largest bank over the strategy of its investment banking unit, according to bankers.
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Jeffrey Greenberg, chairman and chief executive of embattled insurance broker Marsh & McLennan Cos. , is expected to step down within hours, a newspaper reported on Friday, citing people close to the discussions.
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Jeffrey Greenberg, chairman and chief  executive of embattled insurance broker Marsh & McLennan Cos.  MMC.N, is expected to step down within hours, the Financial  Times reported on Friday.
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BRUNSWICK, Georgia  - President George W. Bush is likely to announce this week a candidate to replace World Bank President Paul Wolfowitz, who resigned after a storm of criticism over a salary increase for his companion, White House spokesman Tony Snow said on Tuesday.
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UBS, the biggest European casualty of the U.S. subprime crisis, said it was shrinking its investment banking business, cutting staff and drastically scaling down its exposure to risky investments.
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The head of a British investment bank, Seymour Pierce, is considering a financial restructuring of Manchester United as a possible rival proposal to a planned takeover by US sports tycoon Malcolm Glazer, a British newspaper reported today.
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James Cayne, the chief executive of Bear Stearns, is reported to be planning to step down soon.
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Computer Associates is set to name a recently departed IBMÂ  executive as its new chief executive officer, The Wall Street Journal reported online on Monday.
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Jeffrey B. Lane will replace a senior executive whose unit ran two hedge funds that nearly collapsed this month.
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World Bank President James  Wolfensohn will leave his post at the beginning of June, when  his term expires, and a search is now under way for someone to  replace him, a U.S. Treasury spokesman said on Monday.
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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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Business & money: Standard & Poor's, which has faced strong criticism for its role in the US sub-prime crisis, has announced the resignation of its president.
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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 Cos Inc  leader  Jimmy Cayne will relinquish his title as chief executive, but  remain chairman, the Wall Street Journal reported on Monday,  citing people familiar with the matter.
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The head of French bank Societe Generale  has hired investment banks to advise on the possibility of a merger with larger domestic rival BNP Paribas , Les Echos newspaper reported on Friday.