Why the CEO of the world's biggest financial services company didn't fire anybody during the financial crisis
Bill McNabb was named Vanguard’s CEO in August 2008, just a month before the financial crisis really started breaking down. In September 2008, Lehman Brothers would file for bankruptcy, Merrill Lynch would be taken over by Bank of America, and the world would watch in awe as the global financial system began a free fall…
NEW YORK, June 11 (Reuters) – Canada Pension Plan Investment Board’s (CPPIB) $12 billion acquisition of GE Capital’s sponsor finance business vaults Canada’s largest pension fund into the top tier of U.S. middle market lenders, market participants said on Thursday.
OTTAWA, June 11 (Reuters) – Risks to Canada’s financial system have edged up because of high household debt and the impact of cheap oil, the Bank of Canada said on Thursday, but the bank’s governor said the dangers were not severe enough to spur a change in monetary policy for now.
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