President Barack Obama is considering two Wall Street executives, Raymond J. McGuire, the head of advisory business at Citigroup Inc., and Orin Kramer, a general partner at Boston Provident LP, for deputy Treasury secretary, according to a person familiar with the matter.
Robert E. Grady , a former partner in the Carlyle Group, is set to become chairman of the panel that guides investment policy for New Jersey’s $68 billion pension fund, two people with knowledge of the plan said.
Gina Raimondo was running a Rhode Island venture-capital firm in Providence when the mother of two read with alarm that a growing fiscal crisis might force cutbacks in library hours and bus service in 2009.
New Jersey ’s pension fund should put more money in alternative investments such as private equity and real estate to boost returns and protect against stock losses, consultants told the State Investment Council.
Popular Inc., the Puerto Rican bank that owes $935 million to the U.S. government, has surged 30 percent this year as more customers pay their debts on time. Its board members and their relatives aren’t always among them.