HSBC appoints insider Quinn as CEO amid growth headwinds

LONDON/HONG KONG (Reuters) – HSBC Holdings PLC (HSBA.L) has appointed Noel Quinn as chief executive officer, handing the insider and interim boss the reins of Europe’s biggest bank and ending months of speculation an external candidate could get the role. Quinn...

Wells Fargo Claws Back $15 Million of Former CEO’s Pay

Timothy Sloan left last year after failing to turn around the lender Timothy Sloan, the Wells Fargo & Co. chief executive who left last year after failing to turn around the troubled lender, lost $15 million in compensation after he exited. The company’s board of...

Will coronavirus force the NYSE to close the trading floor?

Is NYSE torn between safety and symbolism? When does safety supersede symbolism? In the case of the New York Stock Exchange, it may be as early as this week following another emergency rate cut by the Federal Reserve on Sunday to combat the financial fallout from...