CHICAGO, March 6- Robert Ray, chief executive officer of CME Group Inc's planned European exchange, has died at age 60, the futures market-operator said on Thursday. Ray previously was responsible for CME's business and sales strategy in Europe, the Middle East and Africa and Latin America, according to a biography on the company's website.» Read More
Citigroup CEO Vikram Pandit received a favorable review in an external study examining his role as the bank's head, sources close to Pandit told CNBC.
Turnover among CEOs dropped 25 percent in September as compared to the same month a year prior, according to a report by Challenger, Gray & Christmas outplacement company.
Chief Risk Officer Greg Curl and Head of Retail Operations Brian Moynihan are the two most likely internal candidates to replace Bank of America CEO Ken Lewis, sources close to the situation told CNBC.
Bank of America board members Chad Gifford and William Boardman are at the top of list to replace CEO Ken Lewis for an interim term of about one year, sources close to the situation told CNBC.
Bank of America spacer board member Donald Powell told CNBC Thursday that finding a successor to Lewis will be orderly and directed toward finding the right person.
Bank of America CEO Ken Lewis, the embattled head of the nation's biggest bank, told the board he plans to step down by the end of the year.
In the midst of the "Great Recession," Jordan Goldman launched a startup that has risen to become one of the largest resources for college information on the Web. CNBC sat down with the young entrepreneur at his New York office and asked him where he got the idea for Unigo.com.
Bob McCann, who ran Merrill Lynch's brokerage divison before the buyout by Bank of America, may take the place of Robert Wolf as the head of UBS America, according to sources within UBS.
Bank of America CEO Ken Lewis won't resign if he is slapped with civil charges from New York Attorney General Andrew Cuomo, but he's likely to leave if he is charged by the Securities and Exchange Commission, sources inside the Bank have told CNBC.
Northrop Grumman Chairman and CEO Ronald Sugar is retiring at the end of the year.
The New York Attorney General's office has subpoenaed five members of Bank of America's directors as part of an investigation into the bank's acquisition of Merrill Lynch, according to a person familiar with the investigation.
A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America, saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial.
The government has lost momentum on financial reforms and needs to figure out how to prevent a potential collapse of the financial system, Morgan Stanley CEO John Mack told CNBC Friday.
A Wells Fargo executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million Malibu beach house, moving into the home just after it had been surrendered to Wells Fargo to satisfy debts, neighbors said.
The change in the Morgan Stanley management will benefit the bank, but CEO John Mack should leave for good, Rochdale Securities Banking analyst Richard Bove told CNBC Friday.
Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by James Gorman, one of the investment bank's co-presidents, CNBC learned. Mack will remain chairman, however.
Anne Mulcahy, chairman and former CEO of Xerox, said the uncertain economy has forced the company to remain cautious about spending and instead focus on making sure costs remain under control and that its balance sheet remains strong.
Redbox’s growth — it started with 12 kiosks in 2004 and now processes about 80 transactions a second on Friday nights — has Hollywood’s blood boiling, the New York Times reports.
They were left out of the latest unemployment rate, as they are every month: millions of hidden casualties of the Great Recession who have stopped looking for work, the New York Times reports.
For decades, companies have worked to incorporate the Six Sigma analytical business approach. Now, some say, it's time for the next challenge: "design thinking."