Corporate governance

OnDeck adds former Morgan Stanley exec to its board

03/21/17

Jim Rosenthal previously served as chief operating officer at the Wall Street investment bank. He joins the board of an online lender that has recorded losses in five straight quarters.

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Wells Fargo defends decision to keep KPMG as its auditor

03/15/17

The auditing giant has faced heavy criticism for failing to uncover wrongdoing at Wells. But the San Francisco megabank said Wednesday that it wants to maintain a relationship that goes back decades.

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Proof Wall Street Is Still a Boys' Club

03/15/17

A new study finds that, when it comes to truly celebrating women, Wall Street still has a long way to go.

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The next generation of bank CEOs?

03/14/17

Over the past six months Wells Fargo and U.S. Bancorp (for vastly different reasons) have activated their CEO succession plans, sparking questions about who else is in line to lead the industry’s large banks. Here are some of our most intriguing objects of speculation.

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Layoffs signal end to Banc of California's highflying days

03/14/17

The cuts punctuate the end to a rapid expansion period at the company, which now seems to be prioritizing profitability over growth.

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Green Dot ends feud with activist shareholder who sought to oust CEO

03/13/17

Jeffrey Osher, who led a bare-knuckle fight last year to oust the prepaid card company’s CEO and chairman, will serve as an adviser to the firm’s board.

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Unpacking the N.Y Fed's plan to rid industry of bad actors

03/10/17

A database that identifies wrongdoers could prevent banks from making bad hiring decisions, but can it ensure that former employees' rights are adequately protected?

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State Street calls 'bull' on board inequality with statue

03/08/17

State Street Global Advisors has placed a statue, titled "The Fearless Girl," across from the iconic bull statue in lower Manhattan to draw attention to gender diversity on boards.

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PrivateBancorp setting new date for shareholder vote on sale to CIBC

03/06/17

The Chicago company postponed a vote planned late last year after a surge in bank stocks changed the math behind the cash-and-stock transaction.

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Banc of California to sell mortgage business to Caliber Home Loans

03/03/17

Caliber will also buy about $36 million of mortgage-servicing rights in a deal that is expected to close at the end of March.

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