Regulator Put Pressure on Citi to Replace CFO: Report

Reuters - Citigroup Inc was under direct pressure from U.S. regulators to replace former chief financial officer Ned Kelly, the Financial Times said, citing parts of a confidential agreement it viewed.

US regulators put direct pressure on Citigroup to replace its finance chief only weeks before his surprise departure, according to a confidential agreement that contrasts with the two sides’ account of the episode.

Citigroup has reshuffled its senior ranks once again, removing its chief financial officer Ned Kelly after less than four months in the job, after coming under pressure from regulators and struggling to revive many of its ailing businesses

Toronto-Dominion Bank has just come off one of its most profitable years ever. Its shares have nearly regained the ground they lost in the financial crisis and the country’s second-biggest bank is riding high on the Canadian consumer’s apparently insatiable appetite for debt. But how much longer can it go on? TD chief executive Ed Clark recently sat down with Financial Post reporter John Greenwood to talk about the shaky state of household finances, the frothy housing market and what it all means for the banking sector.

(Reuters) - J.P.

CHICAGO (Reuters) - General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S.

Reuters - General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S.