The group founded by Facebook to launch the social media company’s entry into digital currency has named a former U.S. Treasury Department executive as its first CEO. Stuart Levey, who is serving as chief legal officer of HSBC, the London-based global investment bank and financial...
WeWork plans to make additional reductions to its workforce, even with the recent removal of jobs, Bloomberg reported. CEO Sandeep Mathrani said at a meeting that the co-working company would make more decreases in its headcount by the end of May, and, while he didn’t...
Payments FinTech WEX is introducing a new corporate payment solutions team as it moves to reorganize its business, the company said in a statement on Monday (April 13). Mark Aquilina was named the senior vice president of product and strategy of corporate payment solutions and...
Amazon is pulling in more orders than ever, which has the company hiring thousands of employees while traditional retail businesses are making layoffs. With COVID-19 restrictions sweeping the country, more people are turning to online shopping as brick-and-mortar retailers are forced to close their doors....
Jamie Iannone, who recently served as Walmart’s chief operating officer, is the new CEO of eBay Inc., the company announced in a press release on Monday (April 13). “The Board believes Jamie is the ideal CEO to lead eBay’s next chapter of growth and success,”...
In an important moment for IBM – and not only because of COVID-19 – Arvind Krishna has taken over the helm of CEO for the technology company. Krishna will depend on tools such as Slack, a webcast and emails to deliver the message that the...
Jamie Dimon, chief executive officer at JPMorgan Chase, is back behind his desk in his home office on Thursday (April 2) following emergency heart surgery on March 5, Reuters reported, citing an internal company memo. In a memo to employees, Dimon, 64, said he has...
Thomas Gibbons, the interim CEO at Bank of New York Mellon (BNY), has been named permanently to the position, according to a report by Reuters. Gibbons was put in charge in September of last year after the departure of Charles Scharf, who left to become...
The U.S. Faster Payments Council (FPC), a membership organization dedicated to swift payments, has named industry veteran Reed Luhtanen as its executive director, according to an announcement on Wednesday (March 25). Most recently with Walmart Inc. and an officer on the FPC Board, Luhtanen brings a...
