NEW YORK— Rental car company Hertz on Tuesday said it was withdrawing its annual profit guidance because of "operational challenges" posed by auto recalls, an accounting review and other problems. Earlier this month, Hertz delayed filing its second-quarter results because of that review.» Read More
Google says a board member who is also a director of computer maker Apple is stepping down, removing a potential conflict of interest as the two companies look to compete more directly.
Goldman Sachs will be scrutinized this week not only for its third-quarter earnings but for how the firm deals with up to $20 billion in bonuses.
Robert McCann, the former head of Merrill Lynch's brokerage group plans to join UBS, either to head its wealth management unit or for a higher position, CNBC has learned.
During this financial crisis, many Americans turned their collective anger toward Wall Street. Geoffrey Raymond has turned this anger into street art.
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.
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