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(17 December 2009 – USA) The Bank of America’s decision of who the bank’s next chief executive officer just got easier, after the top external candidate withdrew.
(16 December 2009 – USA) US banking giant Citigroup has announced plans to repay US$20 billion (A$22 billion) in state aid as it endeavours to stand on its own two feet.
(16 December 2009 – USA) President Obama’s meeting with the heads of America’s banks pressing them to ease lending restrictions to help create jobs has not fallen on deaf ears; with the Bank of America announcing that it will increase its lending to small and medium businesses by at least US$5 billion in 2010.
(15 December 2009 – USA) VeriFone has announced the launch of an iPhone secure payments solution, PAYware Mobile, a payment solution providing small businesses with simple and secure card processing capabilities.
(15 December 2009 – USA) The President of the United States has launched a verbal assault against bankers that are fighting regulations on bonuses.
(14 December 2009 – USA) Goldman Sachs has announced that the bonuses for its 30-strong management committee will be paid entirely in shares, in an effort to make top tier management accountable for their risk taking decisions.
(11 December 2009 – USA) Morgan Stanley has announced a number of key leadership appointments in an effort to leverage the firm’s deep bench of management and drive a closer collaboration across the business.
(11 December 2009 – USA) Bank of America has sent the U.S. treasury US$45 billion (A$49 billion) to repay the U.S. taxpayers’ entire investment in the company as part of the Troubled Asset Relief Program (TARP).
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