With Role Lessened, Loan Chief Exits BofABarbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.
Interest-Rate Probe WidensRegulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal.
RBS 'Surprised' by Pay BacklashRBS's chairman acknowledged that the bank had miscalculated the public and political reaction to the $1.5 million bonus in shares awarded to CEO Stephen Hester, who subsequently turned down the payment.
