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20 Apr 2012, 6:24 pm by By DEALBOOK
Lawyers leading a class-action lawsuit in federal court in Manhattan against the directors of Bank of America over its purchase of Merrill Lynch have agreed to settle the matter for $20 million even though damages in the case could reach $5 billion, according to plaintiffs in a parallel suit against the bank's board in Delaware. [read post]
30 Jan 2008, 8:10 am
But the bank’s directors on Wednesday asked him to stay in his post — at least for the moment. [read post]
21 Mar 2019, 5:10 pm by Daily Record Staff
M&T Bank commercial real estate banking officer Timothy Lewis has been named to the board of directors of the Baltimore African American Homebuilders Cooperative, which connects African American non-profits with for-profit home builders to leverage their building, purchasing, and intellectual bandwidth and increase the number of African American affordable home builders and homeowners in greater ... [read post]
4 Dec 2020, 8:55 pm by Simon Lovegrove (UK)
On 3 December 2020, the European Central Bank (ECB) published a speech by Elizabeth McCaul (Member of the Supervisory Board of the ECB) entitled Bank boards and supervisory expectations. [read post]
As delegated monitors of top management on behalf of shareholders, corporate boards of directors rely critically on information about the firm in making governance decisions. [read post]
25 Jan 2013, 12:31 am by Kevin LaCroix
  If nothing else, the various proceedings also underscore the range of exposures that face bank directors and officers. [read post]
10 Feb 2024, 5:48 pm by Yosi Yahoudai
Herbert Wigwe, CEO of Access Bank, was among six people on board when the helicopter crashed shortly after 10 p.m. [read post]
7 Mar 2007, 5:30 am
Among other things, plaintiffs alleged that the board did not contain a majority of independent directors. [read post]
11 Jul 2008, 6:49 am
With the recent credit crisis weakening the financial position of several banks world-over, the question that is being repeatedly posed is whether the boards of directors of these banks could have foreseen the oncoming crisis or whether they should have taken steps to forestall a slide in their financial position. [read post]
22 Apr 2013, 1:28 am by Kevin LaCroix
The one way the FDIC’s approach this time seemed to differ is that the last time around, the banking regulators had aggressively pursued the outside professionals that had advised the failed banks and the failed banksboards of directors. [read post]
21 Jan 2021, 10:08 am by Daily Record Staff
M&T Bank Corporation, which operates banking offices throughout Maryland, Thursday announced its board of directors authorized a stock repurchase program of up to $800 million of shares of common stock, $0.50 par value per share, on the open market or in privately negotiated transactions. [read post]
31 Oct 2010, 11:06 pm by Durga Rao
Normally, the banks or other financial institutions give huge loans to the companies and in order to protect their interests, they nominate their Directors on the Board of Companies. [read post]
8 Nov 2021, 10:33 pm by Daily Record Staff
At its Nov. 3 meeting, the Innovation Works Board of Directors also approved new leadership with Inovalon Fellow of Innovation Daniel ... [read post]
30 Jan 2008, 5:18 am
"The pressure is very, very strong," one of the bank's directors told The International Herald Tribune. [read post]
12 Sep 2019, 6:21 am
In early 2018, the Federal Reserve took the unusual step of restricting the growth of the bank as four Board members departed; the Fed also sent a letter to the former lead independent director, describing his “many pervasive and serious compliance and conduct failures. [read post]
1 Dec 2022, 2:52 am by Liz Dunshee
I blogged yesterday about a drop in board gender diversity at big US banks, the impact that big asset managers have had on US board demographics, and impending “comply or explain” board diversity targets for UK-listed companies. [read post]
30 Jun 2008, 11:47 am
Mittal joined the board of Goldman Sachs as an independent director, a move that underscores the growing importance of the developing world for Wall Street's behemoths. [read post]
21 Apr 2016, 6:49 am by Karel Frielink
Therefore it is important, particularly in the guidelines issued by the Central Bank, that the specific duties of the management board as well as the specific duties of the supervisory board are taken into account as they are laid down in the Commercial Code. [read post]
17 Jul 2023, 1:37 pm by Daily Record Staff
Mary’s County as new members of the board of directors at the Maryland Legal Services Corp. [read post]