Cross River Bank has selected former Lazard Asset Management CEO Evan Russo as its new president. The appointment will see Russo work with Cross River CEO Gilles Gade to help establish the bank as a “trusted infrastructure layer” for payments, banking, digital assets and AI-enabled...
Amazon cut fewer than 1,000 white-collar jobs in the unit that oversees its main eCommerce website, Reuters reported Wednesday (Oct. 7), citing an unnamed source. The company made the cuts in customer service, selling partner services and other divisions within the Stores unit, and possibly other Amazon units, and laid...
Payments FinTech Adyen hired Klarna Chief Financial Officer Niclas Neglen as its new CFO, effective Feb. 1, 2027, according to a Tuesday (Sept. 22) press release. Neglen is expected to start the position and join Adyen’s statutory management board pending regulatory and shareholder approval, the...
Monzo’s European CEO is reportedly leaving to launch a robotics-focused startup for people with disabilities. Michael Carney is stepping down from the U.K. neobank, where he has served as European Union CEO since 2024, according to a Tuesday (Sept. 22) Bloomberg News report citing an...
Used car retailer CarMax laid off about 4% of its corporate staff, or 145 employees, as part of “running leaner,” the company said in a Monday (Sept. 21) report by Bloomberg. “These changes will help us move faster and create better alignment across teams,” a CarMax spokesperson said in the...
Warren Buffett transitioned from chairman to chairman emeritus of Berkshire Hathaway, effective Friday (Sept. 18), and will remain a member of the board of directors, Berkshire Hathaway said in a Friday press release. In a letter to shareholders accompanying the release, Buffett said his recent...
U.S. Bank has named Citi veteran Calvert Lange to lead the delivery of payment and treasury solutions to technology, media, telecom, automotive, transportation, consumer and hospitality companies, the bank said in a Thursday (Sept. 10) press release. Lange will serve as senior vice president and...
Huntington Bank has named a new president as part of its CEO succession plan. Brant Standridge, who has served as president of consumer and business banking since joining Huntington four years ago, will now oversee all of the lender’s revenue generating businesses, the bank announced Tuesday (Sept. 8)....
Uber is reportedly cutting roughly 3,300 jobs, or 10% of its total workforce. That’s according to a report Wednesday (Sept. 2) from Bloomberg News, which characterizes the cuts as a “massive restructuring” designed to shrink management and shift spending to Uber’s ride-sharing, delivery and robotaxi...