Citi taps Freddie Mac executive for mortgage unit: source

Citigroup Inc has hired top Freddie Mac executive Anthony Renzi as chief operating officer of its North American mortgage business, a source with direct knowledge of the matter said on Tuesday as the third ...

NEW DELHI – Boeing Co has found a way to fix battery problems on its grounded 787 Dreamliner jets that involves increasing the space between the lithium ion battery cells, a source familiar with the U.S. company’s plans told Reuters. “The gaps between cells will be bigger. I think that’s why there was overheating,” said the source, who declined to be identified because the plans are private. A spokeswoman from the U.S. National Transportation Board declined comment on the report or any Boeing plan to return the 787s to the air.

NEW YORK (Reuters) - The North American head of JPMorgan Chase & Co's troubled Chief Investment Office, Irene Tse, is leaving the company, an internal memo said on Monday. Tse told the firm she was resigning to focus on "entrepreneurial ventures," according to the memo from Chief Operating Officer Matt Zames. Tse had been working for the past several months on JPMorgan's overhaul of the CIO, the memo said. Tse's European counterpart, Achilles Macris, oversaw the desk where trader Bruno Iksil, known as the "London Whale," built up derivatives positions that have cost the bank at least $5. ...

(Reuters) - A top executive at Freddie Mac is leaving the mortgage buyer a year after he was appointed to head its single-family business. The regulator for Freddie Mac and Fannie Mae responded to political pressure in March by slashing salaries for the chief executives of the two firms and ruling out bonuses for many top executives. The companies, which guarantee half of all U.S. mortgages, have soaked up about $170 billion in taxpayer aid since they were taken over in the wake of the 2008 financial crisis. Freddie Mac said in a filing with the U.S. ...

A top executive at government-controlled mortgage giant Freddie Mac is leaving the company about a year after he was promoted to oversee its single-family mortgage business.

Freddie Mac said Anthony Renzi, the senior executive who oversees the company's single-family mortgage business, is leaving the company in May.

Freddie Mac said Anthony Renzi, the senior executive who oversees the company's single-family mortgage business, is leaving the company in May.