Wells Fargo has announced that Mary Mack will lead its consumer lending unit. According to The Wall Street Journal, this new role will be in addition to Mack’s current role overseeing the retail bank. She replaces Franklin Codel, who was fired in November for critical...
Diebold Nixdorf announced news on Wednesday (Dec. 13) that Andreas “Andy” W. Mattes is resigning as president and chief executive officer (CEO). In a press release, the company said Christopher A. Chapman, chief financial officer, and Jürgen Wunram, SVP and chief operating officer, will...
One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned. According to Reuters, the departure of Guido Schmitz-Krummacher, a Swiss legal and management expert, will probably add more turmoil to the...
J.P. Morgan Chase & Co. is bringing in a new executive to oversee the Sapphire Reserve credit card. The nation’s largest bank has hired Matthew Massaua to oversee the popular rewards card and other Sapphire cards, according to a J.P. Morgan memo reviewed by The...
The Consumer Financial Protection Bureau’s acting director, Mick Mulvaney, said Monday (Dec. 4) that he isn’t planning on firing Leandra English, who had been appointed by former CFPB head Richard Cordray to lead the agency until his replacement was found. When Mulvaney was then appointed...
Coinbase, the cryptocurrency exchange operator, announced late last week that it has appointed Asiff Hirji as its president and chief operating officer. In a company blog post, Coinbase said Asiff joins the company from Andreessen Horowitz, the venture capital firm where he was focused on...
Visa terminated Jim McCarthy, the EVP of innovation and strategic partnerships, on Friday (Dec. 1). According to the company, the cause for termination was reported to be behavior that violated company policy. McCarthy will be replaced on an interim basis by Jack Forestell, Visa’s global head of merchant sales and solutions....
In the battle over the Consumer Financial Protection Bureau (CFPB), score one for team Trump. Perhaps temporarily, perhaps with staying power. In late-breaking news on Tuesday (Nov. 28), a U.S. District Court Judge, Timothy Kelly, ruled that Mick Mulvaney, the Trump administration’s budget director, could remain...
The Consumer Financial Protection Bureau’s departing president, Richard Cordray, created uncertainty surrounding the leadership of the government watchdog after naming a temporary director. And now, it seems, the whole issue will certainly be decided by the courts. According to The Wall Street Journal, Cordray appointed...
