Sources have revealed that Wells Fargo has laid off more than 200 bankers in its U.S. lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by...
Fair, a car startup that lets people own cars flexibly, has been paying attention to the fate of venture-backed startups like Uber and WeWork, who have been struggling to find profitability despite large valuations, and cutting back on staff in an effort to avoid a...
The Bank of New York Mellon’s (BNY Mellon) Bill Daley is stepping down after being appointed vice chairman in June, The Wall Street Journal (WSJ) reported on Tuesday (Oct. 22). The appointment and resignation follow Daley’s failed nonpartisan political bid in February to become the...
One of United Parcel Service’s (UPS) top executives has announced his departure, just as the parcel delivery firm released strong third quarter results. Chief Operating Officer Jim Barber, who was believed to the company’s next leader, said that he plans to retire at the end...
Longtime Nike leader Mark Parker will end his tenure as CEO in January of 2020. CNBC is reporting that Parker will step down and will be replaced by John Donahoe, who is a board member of the company and the CEO of ServiceNow. He used...
Day One is over. For Charles Scharf, who has taken the reins as CEO of Wells Fargo, the list of what needs fixing — and what needs fixing first — is long. PYMNTS delves into the challenges ahead, and how stints at BNY Mellon and Visa...
As the tech giant aggressively pursues the health market, Google has hired former Obama administration health official Karen DeSalvo as its first chief health officer. DeSalvo spent the past two years teaching at the University of Texas at Austin’s Dell Medical School. Her appointment comes after Alphabet...
USA Technologies CEO Stephen Herbert has stepped down against the backdrop of a proxy war ignited by the company’s biggest investor, New York-based hedge fund Hudson Executive Capital, Biz Journals reported on Friday (Oct. 18). Board member Donald W. Layden Jr. will step in as...
Technology platform Payrix announced that it has hired Billi Jo Wright as chief risk officer. Payrix gives software companies’ a flexible platform that enables more control over payments, as well as the ability to unlock more revenue potential. “With momentum in the category moving toward...
