Dowd Ritter


Dowd Ritter News

  • Regions CEO Hall Adds Chairman Title as Deavenport Retires

    Regions Financial Corp. Chief Executive Officer Grayson Hall will add chairman to his title after Earnest W. Deavenport retires in May.

  • Regions Raised Two Grades by Moody’s as Asset Quality Improves

    Regions Financial Corp., the 10th- biggest U.S. commercial bank by deposits, was upgraded two levels by Moody’s Investors Service as the ratings firm cited the lender’s improved asset quality.

  • Regions Plans $900 Million Stock Sale to Repay Taxpayer Bailout

    Regions Financial Corp., the 10th- largest U.S. lender by deposits, said it plans to sell $900 million of its common stock to help repay a $3.5 billion taxpayer bailout.

  • Regions Shares Advance as Growth of Troubled Loans Decelerates

  • Beth Mooney's Rise to KeyCorp CEO Rooted in Texas Standoff

    Beth Mooney arrived at Republic Bank in Dallas unannounced and unemployed in 1979, and cajoled the head of management training for three hours until he agreed to hire her.

  • Blankfein Emulating Buffett as No. 48 in Wall Street CEO Pay

    Wells Fargo & Co.’s board of directors had a busy final week of 2009. On Dec. 23, the San Francisco-based lender returned to the Treasury the $25 billion it had borrowed under the U.S. government’s Troubled Asset Relief Program. That freed the bank from the Treasury’s rules on executive pay.

  • Goldman Shareholders Suffered as Blankfein Earned $43 Million

  • The Big Pay Cut

    Wells Fargo’s John Stumpf was the highest-paid CEO among the 50 biggest financial firms in our annual ranking. Goaded by pay master Ken Feinberg, firms cut pay 21 percent overall.

  • The Big Pay Cut

    By Nikolaj Gammeltoft July, 2010 (Bloomberg Markets) -- Wells Fargo’s John Stumpf was the highest-paid CEO among the 50 biggest financial firms in our annual ranking. Goaded by pay master Ken Feinberg, firms cut pay 21 percent overall. Wells Fargo & Co.’s board of directors had a busy final week of 2009. On Dec. 23, the San Francisco-based lender returned to the Treasury the $25 billion it had borrowed under the U.S. government’s Troubled Asset Relief Program. That freed the bank from the Treasury’s rules on executive pay. The next day, the board made John Stumpf the best-paid chief executive officer of the 50 biggest financial companies by awarding him shares of Wells Fargo stock valued at about $10 million. Stumpf, 56, earned his No. 1 ranking in Bloomberg Markets’ Finance 50 by receiving $21.3 million in salary and stock in 2009, more than doubling his 2008 compensation, Bloomberg

  • Regions Has $196 Million Loss on Developer Defaults

    Regions Financial Corp., the Alabama bank that got $3.5 billion in U.S. rescue funds, reported its fifth loss in six quarters on soured developer and homebuilder loans. Shares rose as the lender said writedowns will peak this summer.

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