British lender names HK chief
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HONG KONG Standard Chartered, which makes most of its profit in Asia, said Monday that it was promoting Peter Sullivan to chief executive of its Hong Kong operations, replacing Peter Wong, who will step down on Friday.
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Standard Chartered Plc, a UK lender that makes two-thirds its profit in Asia, said it fired 200 people, or 5 percent of its employees, in Hong Kong where it&#39;s making less money on home loans.
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Rental chain replaces chief executive who was a frequent target of criticism from Carl Icahn.
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A senior business figure is appointed to improve the running of MI6 in response to last year's Butler report.
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The global credit crisis struck a leading British mortgage lender Friday as the Bank of England said it had approved emergency funding to help the bank overcome a liquidity crisis.
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HONG KONG - Standard Chartered PLC said Monday its chief executive in Hong Kong has resigned, less than a week after the British-based bank said it was laying off 200 local employees.
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Money manager Legg Mason  on Monday named Senior Vice President Mark Fetting as its next chief executive officer, replacing Raymond Mason, who is retiring as CEO.
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David Eldon will retire next year as chairman of the Hongkong and Shanghai Banking Corp. Ltd. and the Hang Seng Bank, HSBC Group said Monday.
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Visa said on Monday it had named Joseph Saunders, previously president of card service at Washington Mutual Inc. , as executive chairman to help lead the company as it goes public.
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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 world's third-largest music company EMI has named former BSkyB executive Martin Stewart as its new finance chief, replacing Roger Faxon, who will move to take control of its powerful publishing unit.
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Francisco G mez Rold n, chief financial officer of Spain's largest bank, will take the helm at Abbey, replacing Luqman Arnold.
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Bankrate's new CEO shares the art of tracking personal finance data.
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The new head of the International Monetary Fund on Monday signaled the lender would take a larger role in speaking out about policies in the world&#39;s richest nations if they pose global economic risks.
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Hong Kong's chief executive says Beijing will allow the region's people directly elect their leader by 2017.
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China Mercants Bank made a strong debut Friday on Hong Kong's stock market as another Chinese lender &#151; the country's biggest commerical bank &#151; got ready to kick off what could be the world's largest initial public offering.
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The Australia and New Zealand Banking Group hired Michael Smith, head of Asia for HSBC Holdings, as chief executive to drive expansion in Asia, where the bank plans to double investment. Mr. Smith, 50, who worked for HSBC for 29 years, succeeds John McFarlane, who ran the bank for a decade. âIâve watched the Australian banks for a number of years and often wondered why they havenât done more in Asia,â Mr. Smith said in an interview. ââWhen a market like Australia becomes mature, you have to look for opportunities elsewhere and I really do feel there is a significant opportunity in Asia.â.