State Street takes big charge, replaces a top exec
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State Street Corp  said on  Thursday it will take a $279 million fourth-quarter charge  after making bad bets on subprime mortgages and other debt, and  said it replaced its investment management chief.
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I gotta admit I did a double take. The press release read: &quot;Winn-Dixie Appoints Peter Lynch President and CEO.&quot;. Supermarket chain Winn-Dixie (NYSE: WIN) ousted its current CEO Frank Lazaran
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Citigroup Inc. (CN: Quote, Profile, Research) appointed Sallie Krawcheck as its No. 2 executive on Monday in a surprise management shuffle designed to cultivate
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The state yesterday rehired the poster child for the mutual fund scandal and fired the industry's current golden child.
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The Boston investment firm State Street Research &amp; Management Co. plans to let go 116 employees, or 28 percent of its total staff, according to a filing with city and state officials, a result of its pending acquisition by BlackRock Inc.
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State Street Corp  said on Thursday it will take a $279 million fourth-quarter charge for legal and other costs after making bad bets on subprime mortgages and other debt, and said its investment management chief has resigned.
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John G. Stumpf, Wells Fargoâs chief operating officer, has become chief executive a year and a half earlier than expected.
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JC Penney Co. Inc. named a former chairman and chief executive of Macy&#39;s to lead the department store company, replacing Allen Questrom.
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Governor Deval Patrick, who was criticized during the gubernatorial campaign for his involvement with a controversial subprime mortgage lender, called a top official at Citigroup , former US Treasury secretary Robert E. Rubin, two weeks ago to intercede on behalf of the owners of Ameriquest Mortgage as they sought urgent financial assistance from the global financial giant.
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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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The low-fare carrier named a chief operating officer, shoring up its management just weeks after suffering a service meltdown.
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Citigroup, the world&#39;s largest banking group, promoted Sallie Krawcheck yesterday to the role of chief financial officer and head of strategy, making her arguably the most powerful woman on Wall Street.
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B. Thomas Golisano, the billionaire founder of Paychex Inc., said Monday he has hired a former IBM Corp. executive, Jonathan Judge, to replace him as president and chief executive of the payroll-processing company.
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Ellyn A. McColgan will take over from James P. Gorman, the former Merrill Lynch executive who currently heads the retail unit.
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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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J. P. Morgan Chase & Company has hired Stephen M. Cutler, the former chief of enforcement at the Securities and Exchange Commission, as its top legal officer.
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State Street shares rise, despite the money manager taking a $279m charge for sub-prime mortgage losses.