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Tag: C&E Executive News filter

  • UBS brings back former CEO Sergio Ermotti after deal with Credit Suisse

    Mr. Ermotti led UBS for nine years until 2020 and is credited with the bank’s recovery from a government bailout in 2008. He will succeed current CEO Ralph Hamers, who has led the bank for the past three years, on April 5 . “We felt we had a better horse,” said UBS chairman Colm Kelleher […]

  • Lyft hires new CEO as founders step back amid competitive battle

    Lyft Inc., LYFT -2.74% struggles with competition and a battered stock price, taps a board member as CEO, and the two co-founders will step down from managing the company, the ride-sharing company said Monday. David Risher, who held management positions at Amazon.com Inc. and Microsoft Corp. before starting a non-profit children’s reading organization in 2009, […]

  • Gordon E. Moore, 1929-2023 – WSJ

    Mar 26, 2023 3:38 PM ET The legendary co-founder of Intel Corp. Gordon Moore Photo: Ben Margot/Associated Press The last half of the 20th century was an era of American business invention and economic leadership, and one of the men who defined that era and launched the digital economy was Gordon E. Moore. The co-founder […]

  • Coinbase Ex-Executive Convicted Of Insider Trading Is Crypto’s Latest Legal Hope

    Ishan Wahi, a former executive at Coinbase, pleaded guilty this year to giving trading tips to his brother and a college friend that generated nearly $1.5 million in illegal profits. As an Indian immigrant, he could serve more than three years in prison and be deported over time. But Mr. Wahi is still fighting the […]

  • Crypto faces legal reckoning as SEC prepares action against Coinbase

    The SEC has informed Coinbase that it plans to sue the company for allegedly violating a series of investor protection laws, the company said this week. An eventual SEC lawsuit against the largest US crypto exchange could help determine the future shape of exchanging dollars for digital tokens such as bitcoin, ether or polkadot. It […]

  • Ford says it will lose $3 billion in electric cars this year because it touts the start-up mentality

    Ford Motor Co.F -0.52% expects to lose about $3 billion this year on its electric vehicle business, a reminder of how far traditional automakers have to go to make their EV portfolio profitable. Ford announced the figure Thursday as it outlined a new financial reporting structure designed to help investors better understand the performance of […]

  • Silicon Valley Bank’s former parent company says FDIC seized about $2 billion in cash

    Silicon Valley Bank’s former parent company cannot access about $2 billion it deposited with the bankrupt bank after regulators froze the company’s accounts and are investigating whether it should bear costs related to the bank’s bankruptcy . Lawyers for SVB Financial Group, the holding company that formerly controlled the now-defunct bank, alleged Tuesday at the […]

  • Barney Frank was right about Signature Bank

    Mar 20, 2023 6:26 PM ET A person walks past a Signature Bank in New York City, March 20. Photo: sarah yenesel/Shutterstock We never thought we’d be writing that headline. But on Sunday, the Federal Deposit Insurance Corp. known that New York Community Bancorp‘s Flagstar Bank will fully acquire Signature Bank‘s cash deposits, except those […]

  • From Zero to Hero – WSJ

    President Joe Biden at the University of Nevada, Las Vegas, March 15. Photo: Ethan Miller/Getty Images Isn’t it bizarre that so many people who cause problems then turn around and become heroes who solve the same problems they caused? Between the $1.9 trillion US bailout from the Biden administration and the green-laden $738 billion Inflation […]

  • Senator Elizabeth Warren is calling for an independent inquiry into the Fed’s banking regulations

    Published: March 19, 2023 at 7:05 PM ET Senator Elizabeth Warren is calling for an independent investigation into the Federal Reserve and “the entire regulatory system” following the banking sector’s worst crisis in more than a decade. On Sunday, the Massachusetts Democrat told ABC News’ This Week that the chaos of the past few weeks […]