HSBC names new Mandarin-speaking CEO as bank prepares for US-China tensions | HSBC
HSBC has appointed financial chief Georges ElHedery as its new chief executive, handing the reins to a global banking veteran as the bank braces for renewed tensions between the United States and China. El Hedery, who takes up the role in September, will succeed Noel Quinn, who suddenly announced in April that he was stepping […]
HSBC appoints Georges Elhedery as group CEO starting Sept. 2 – CNBC
HSBC’s logo is displayed outside its UK branches. Matt Cardy | Getty Images HSBC Announced on Wednesday Georges El Hedery appointed Group CEOIt will start on September 2nd. El Hedery, the current chief financial officer, will succeed Noel Quinn, who will retire in September. In late April, HSBC suddenly announced that Quinn was stepping down […]
Trump weighs tapping JP Morgan CEO Jamie Dimon for Treasury secretary, won’t remove Fed’s Powell: report
Donald Trump will not seek to remove Federal Reserve Chairman Jerome Powell from his position before his term ends and would consider appointing JPMorgan CEO Jamie Dimon as Treasury secretary if he wins the Nov. 5 election, the former president said. Bloomberg interview It was published on Tuesday. JPMorgan declined to comment on Trump’s remarks. […]
Laurene Powell Jobs-Funded Ozy Media CEO Convicted in Massive Fraud Scheme
Ozzy Media’s spectacular collapse continues to claim its victims, with a New York jury convicting CEO Carlos Watson on Tuesday for his role in the company’s multimillion-dollar fraud scheme to defraud investors. He was found guilty of fraud and conspiracy during an eight-week federal trial and faces up to 37 years in prison. Ozzie Media, […]
Burberry fires CEO, names ex-Coach boss as replacement
British luxury group Burberry fired its CEO on Monday and appointed former Coach head Joshua Shulman to replace him as the company promises a “more accessible” look and pushes ahead with efforts to revive the brand by moving upmarket. The company also issued a profit warning and withdrew its dividend, sending its shares tumbling to […]
JPMorgan CEO warns inflation and rates may stay higher for longer
JPMorgan Chase & Co. Chief Executive Jamie Dimon warned that inflation and interest rates could remain higher for longer than expected, despite the three largest U.S. banks reporting strong quarterly earnings. “While there has been some progress in reducing inflation, there are still multiple drivers of inflation, including large budget deficits, infrastructure needs, trade restructuring […]
CEO Friend of Joe Biden Says ‘No Way’ He’s Dropping Out
The CEO, who is a friend of President Joe Biden, reportedly said there is “no chance” the president will back down, that he “hates” the party’s elites, and that he would tell them all to “get out.” Senior contributor at Fox Business New York PostOne CEO who knows Joe Biden well said the president will […]
Race to succeed JPMorgan’s legendary CEO Jamie Dimon widens
The battle at JPMorgan to replace CEO Jamie Dimon is heating up, even as the banking giant does a good job of keeping the mayhem from leaking to the press. The legendary financier recently shocked the banking world by saying he would step down sooner than the original five-year deadline, probably in two or three […]
Citigroup has now been fined more than half a billion dollars after CEO Jane Fraser staked her tenure on fixing the bank – Fortune
Two government regulators on Wednesday fined Citigroup Inc. $135.6 million for failing to resolve long-running internal control and risk problems, a blow to the bank’s Chief Executive Officer, Jane Fraser, who has staked her career on making the bank leaner and less complex. The penalties were imposed by the Federal Reserve and the Office of […]
CNN CEO Mark Thompson to lay off 100 employees as he discloses turnaround plans
CNN Chief Executive Mark Thompson decided on Wednesday to cut 100 jobs, his first major layoffs since taking charge of the struggling cable network. Thompson, who has mostly tweaked the morning programming since taking over the reins from Chris Licht in October, has sought to lay out a new vision for the No. 3 network. […]