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Business, financial, personal finance news - CNNMoney.comCombines practical personal finance advice, calculators and investing tips with business news, stock quotes, and financial market coverage from the editors of CNN and Money Magazine.
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British bank Northern Rock had been taken under state control after a funding crisis, and Gary Hoffman, an executive from the lender Barclays, would take over as chief executive in October.
Ron Sandler, who was appointed executive chairman when the government took control of Northern Rock in February, will instead become non-executive chairman when Hoffman starts on [...]
British bank Northern Rock had been taken under state control after a funding crisis, and Gary Hoffman, an executive from the lender Barclays, would take over as chief executive in October.
Ron Sandler, who was appointed executive chairman when the government took control of Northern Rock in February, will instead become non-executive chairman when Hoffman starts on Oct. 1 .
Meanwhile,the current chief executive Andy Kuipers, will leave at the end of August.
Hoffman, 47, is vice chairman of Barclays and has been with the bank ... Read More
