CIT Group, a provider of financing to small businesses and middle market companies, announced that Joseph Leone, vice chairman and chief financial officer (CFO), has decided to retire after over 25 years of service. To assist in the transition, Leone has deferred his retirement date until 30 April 2010.
Early this month CIT announced its emergence from bankruptcy, which allowed the company to reduce its total debt by approximately US$10.5bn and liquidity demands over the next three years while enhancing its capital ratios to levels that exceed regulatory standards.
The company has also appointed four new directors to the board: Michael Embler, Arthur Newman, Daniel Ninivaggi and Brad Oates. The search for three additional independent directors and a new chief executive officer (CEO) is progressing in due course.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more