News Topic: Succession planning

Jamie Forese, long considered the potential successor to Citigroup Chief Executive Officer Michael Corbat, is departing after 34 years at the firm. ... Read full article

The resignation of Wells Fargo CEO Tim Sloan represented more troubles for an already scandal-ridden financial institution. ... Read full article

The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role. ... Read full article

Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story. ... Read full article

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month. ... Read full article

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud. ... Read full article

The flagship division is on course to miss next year’s financial projections; Investors may be using SOFR swaps as a hedge against expected volatility. ... Read full article

The chairwoman of the House Financial Services Committee said Tim Sloan's resignation as CEO was "long overdue," but that other executives and directors should be removed as well. ... Read full article

The bank said it will look outside the company for a replacement; HUD alleges the social media giant allowed real estate firms to target groups in their advertising. ... Read full article

Tim Sloan couldn't hang on any longer. Here are insights about why he left now, what role policymakers played in the decision and will continue to have in the company's future, and who in the world would want to lead Wells Fargo. ... Read full article

The embattled executive says the nation’s fourth-largest bank “will benefit from a new CEO and fresh perspectives." ... Read full article

Wells Fargo said Chief Executive Tim Sloan has the full support of its board following a report that directors had reached out to Goldman Sachs' former chief financial officer for his job. ... Read full article

Paul, one of American Banker's Community Bankers of the Year in 2012, made Eagle a formidable Washington-area institution. ... Read full article

Christopher Becker will succeed Michael Vittorio in January. ... Read full article

A potential succession and a transfer of power in family leadership are among the key recent executive moves in banking. ... Read full article

Franklin Financial, which was recently freed from a memorandum of understanding, has installed interim leaders following its founding CEO's retirement and his son's resignation. ... Read full article

Michael Capatides, CIBC's chief administrative officer and general counsel, will take over as CEO of CIBC Bank USA on April 1, replacing Larry Richman. ... Read full article

Vince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania. ... Read full article