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advisor Business Former Retrophin fraud Martin Shkreli 

Former Retrophin chairman says Martin Shkreli lied ‘to my face’

July 12, 2017 By Brendan Pierson (Reuters) – Martin Shkreli was ousted as chief executive of drug company Retrophin Inc after disobeying directions from the board of directors and lying about it, the board’s former chairman testified at Shkreli’s securities fraud trial on Wednesday. The former chairman, Steven Richardson, told jurors in federal court in Brooklyn that he met with Shkreli in September 2014 to tell him he was losing the board’s support. Richardson said he had recently learned that Shkreli, himself a board member, had set up a system…

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advisor Business CEO president Wick Moorman 

Amtrak names former Delta executive as next CEO

June 26, 2017 By David Shepardson WASHINGTON (Reuters) – Amtrak on Monday named a former Delta Air Lines chief to lead the U.S. passenger rail carrier as it embarks on a major renovation of its busiest U.S. hub following years of disruptions and delays along the Northeast Corridor. Richard Anderson, who spearheaded Delta’s growth into the world’s largest airline by market value when he retired as chief executive in May 2016, will become president and co-CEO on July 12, two days after Amtrak launches the rebuilding program at New York…

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Bank of England chief met with White House on financial stability issues

May 20, 2017 WASHINGTON (Reuters) – Bank of England Governor Mark Carney met with Gary Cohn, the chief economic advisor to President Donald Trump, at the White House on Friday, the bank said. Carney met with Cohn in his role as head of the Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, the Bank of England said. (Reporting by William Schomberg; Writing by David Chance; Editing by Jonathan Oatis) The post Bank of England chief met with White House on financial stability…

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Chinese banks, brokers eye robo advice for edge on competition

April 27, 2017 By Elzio Barreto HONG KONG (Reuters) – China’s wealth management industry is preparing for a boom in automated investment advice and trading programs, or “robo-advisors”, as brokerages, banks and insurers look for a cheaper way to increase revenue from retail clients. Robo advice services barely existed in China before 2015, but they are expected to manage $27.1 billion of assets at the end of 2017, though that remains small relative to the $182 billion figure for the United States, where services launched several years earlier, according to…

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