Bankrupt Lender Dismisses 2 Executives
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New Century Financial fired its chief executive and an executive vice president and named its chief restructuring officer to the post of chief executive.
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Two former Citigroup executives won dismissal yesterday of a lawsuit in which the government accused them of keeping tens of millions of dollars for the bankâs asset management arm that should have gone to reduce mutual fund fees.
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The chief executive and chief financial officer of America's largest mortgage company resign after accounting irregularities are uncovered.
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The chief executive and chief finance officer of America&#39;s second-largest financial institution, mortgage provider Fannie Mae, have stepped down following a row over accounting irregularities.
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The chief executives for two of the nation's dominant mortgage-finance companies traveled to Wall Street yesterday and delivered competing words of regret for having to take painful steps to shore up their businesses.
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Two top executives of scandal-tarred insurance firm Marsh Inc. were ousted yesterday, the company said, the latest casualties of an industry probe by New York's attorney general.
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A former employee of Countrywide KB Home Loans has filed a lawsuit claiming he was wrongly fired after he reported fraudulent lending practices to superiors and refused to approve mortgages for unqualified applicants.
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SunTrust Banks Inc. has fired its chief credit officer and two other employees because of errors that will delay third-quarter earnings and force the company to restate some financial results.
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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Under pressure from regulators, Fannie Mae&#39;s (FNM:NYSE - news - research) board ousted its top two executives in the midst of a deepening accounting scandal.
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Two senior executives at Fannie Mae, the giant US mortgage provider, have resigned in the wake of criticisms over accounting irregularities.
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Fannie Mae, the mortgage finance giant, forced out its chairman and chief executive, days after the company was found to have violated accounting rules.
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Records raise new questions about the business practices of the giant mortgage lender at the center of the subprime mess.
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Commerce Bancorp Inc  has been sued by its founder and former chief executive, who said New Jersey's largest bank wrongly ousted him in June and owes more than $57 million of damages.
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ACE Ltd., a Bermuda-based insurance company, announced on Thursday that it had terminated two executives and suspended three more unnamed employees in the wake of New York Attorney General Eliot Spitzerâs probe into the bid-rigging practices in the
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Bear Stearns Cos. Inc.  on  Friday replaced the head of its asset management business after  two of the investment bank&#39;s hedge funds hit rock bottom by  making bad bets on risky mortgages.
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U.S. mortgage finance giant Fannie Mae  confirmed late on Tuesday that embattled Chief Executive Franklin Raines and Chief Financial Officer Timothy Howard were stepping down after accounting errors that are expected to force a massive earnings restatement.