Entries tagged "Robert Steel"
It is the one-year anniversary of Lehman Brothers bankruptcy. Since then a lot of dealmakers have moved around.
Two of Treasury Secretary Hank Paulson's former colleagues are now two of his biggest critics. When Paulson took the job in the Bush administration, he handed the reigns of Goldman, Sachs & Co. to Lloyd Blankfein, and took to Treasury Goldman alum Bob Steel, now the CEO of Wachovia Corp. Both men do not see eye-to-eye with Paulson's recent strategy shift and size of the Troubled Asset Relief Program....
Since taking the reins in July, Wachovia Corp. president and CEO Robert Steel has cleaned house as the struggling bank tries to recover from bad investments, mostly from the mortgage fallout. He just hired Kenneth Phelan as chief risk officer. Also, merger talk heats up on Wachovia's share price and Steel's comments.
Wachovia Corp. has boosted its loss to $9.11 billion and now plans to lay off 6,950 employees, according to an SEC filing. Wachovia originally said last month that the loss would be $8.9 billion, but the higher loss is related to a settlement of state and federal investigations in to auction-rate securities. ...
Wachovia Corp. is making a lot of executive changes as new CEO Robert K. Steel builds his team to turnaround the troubled bank. ...
Robert Steel, who was most recently under secretary for domestic finance at the U.S. Department of the Treasury, is now Wachovia Corp.'s CEO, president and a member of the board. Lanty Smith, who led the search committee and served as interim head of the Charlotte, N.C., bank, will continue as chairman....
