NAB chief executive and chairman both resign after horror week

National Australia Bank's leadership is in disarray, with chairman Ken Henry and chief executive Andrew Thorburn both resigning following blistering criticism from the banking royal commission and a deepening crisis over alleged rorts by a former senior staffer. After a horror week for the bank, it announced on Thursday night that Phil Chronican, a board member, would act as chief […]

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Scientific Games Announces Executive Promotions – Quick Facts

Scientific Games Corp. (SGMS) announced Jim Kennedy, currently Executive Vice President and Group Chief Executive, Lottery, will become Chairman, Lottery and Patrick McHugh, who currently serves as Senior Vice President Global Lottery Systems, has been appointed the Lottery’s new Executive Vice President and Group Chief Executive. Jordan Levin has been named the new Executive Vice President and Group Chief Executive, […]

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Trump plans to sign executive order curbing birthright citizenship: report

Trump on key midterm races, stopping the migrant caravan President Trump said in a newly released interview he plans to sign an executive order ending so-called "birthright citizenship" for babies of non-citizens born on U.S. soil — a move that would mark a major overhaul of immigration policy and trigger an almost-certain legal battle. Birthright citizenship allows any baby born […]

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Wells Fargo suspends executives as investigations roll on

Wells Fargo employees altered documents about business clients Height Capital Markets senior banking analyst Ed Groshans discusses whether investors should still keep Wells Fargo in their portfolios, despite the recent report that the bank’s employees altered documents about business clients. Scandals and executive turmoil continue to dominate the country’s third-largest bank. Continue Reading Below Wells Fargo announced this week that […]

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Macquarie's top executives likely to be 'suspects' in German tax case

Macquarie Group chief executive Nicholas Moore and his successor, Shemara Wikramanayake, are expected to be interviewed by German prosecutors over the bank's alleged role in a share-trading scandal in Germany. Mr Moore and Ms Wikramanayake are likely to be classified as "persons of interest" or "suspects" under German law, making them the latest senior bankers to be embroiled in a global scandal […]

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Goldman’s CEO-in-waiting makes another change, names new co-head of trading division

David Solomon, who takes over for current CEO Lloyd Blankfein on Oct 1., will name Jim Esposito global co-head of the firm’s trading division as soon as Monday, according to a person with knowledge of the plans. Esposito, a partner who was co-chief operating officer of the bank’s fixed income business, will join Ashok Varadhan as leaders of the trading […]

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