Australian sovereign fund criticizes NAB's leadership change

SYDNEY (Reuters) – The head of Australia’s sovereign wealth fund criticized National Australia Bank Ltd on Monday for the double resignation of its CEO and chairman after a misconduct inquiry, saying it was “not good practice” for both to go at once. The comments from Future Fund Chairman and former federal treasurer Peter Costello put Australia’s big banks on notice […]

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Renault names Ghosn stand-ins amid tension over Nissan probe

PARIS/TOKYO (Reuters) – French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct. Thierry Bollore, Ghosn’s operational second-in-command, will become deputy chief executive, while lead independent director Philippe Lagayette assumes the function of […]

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