Online brokerage E*Trade has named Donald H. Layton as its new chief executive officer, giving the financial services industry veteran the task of stemming a stock price drop and finding profitable growth opportunities. Layton had served as chairman of E*Trade’s board since last November, when he came on board in connection with a $2.5 billion cash infusion the company took to help it handle
SEC may sue Fidelity ex-trader
NEW YORK - The Securities and Exchange Commission has told Scott DeSano, former head of Fidelity Investments' powerful stock-trading desk, that it is considering civil charges against him in the agency's investigation of gifts allegedly lavished on Fidelity employees by Wall Street firms, according to people familiar with the matter.
Japan Stocks Rise as Drop in Oil Eases Production Cost Concern
July 23 (Bloomberg) -- Japan's stocks rose for a second day as crude oil sank to a six-week low, easing concern energy costs will dent profits and reduce demand for Japanese-made goods. Link to original articleChina CITIC Securities shares suspended as Bear Stearns talks continue
China CITIC Securities today extended the suspension of its stock trading as talks on collaboration with US investment bank Bear Stearns continued.
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