business033.jpg The banking giant announced the resignation of Chuck Prince Charles as president and CEO and the Chair à ¨ 69enne been entrusted to Robert Rubin, member of the Executive Committee while à ¨ Win Bischoff was named managing director, already President of European Bank of New York. The company also appointed the members of that committee are, in addition to Rubin, Alain Belda, Alcoa's number one, the colossus 'aluminum, Richard Parsons (Time Warner) and Franklin Thomas instructed to locate the new CEO. The hurricane of subprime engulfed the banking group that has what ¬ decided to renew the leadership annuciando the creation of a division involved in the asset management of sttore subprime credit. The resignation of Prince are next to those of O'Neal as president of Merrill Lynch. said that there are no new write-downs, after those of the third quarter amounted to 3.3 miiardi, for 8-11 billion dollars due the of the are structured down to net income of 5-7 billion dollars. tip on former Treasury Secretary to Bill Clinton and long-time banker to try to reassure the financial community with a man who knew how to solve the Asian and Mexican, between 1994 and 1997, then the bank reassures investors: "the capitalization should be back within the goals by the end of the second quarter and anticipates no reduction in the dividend. In consegeza changes to the summit, the Dow Jones futures have traded 101 points to 13,541, while those on the Standar & Poor's 12.9 points at 1504.8 while the Nasdaq fell derivatives of 17 points at 2206.5, while in Europe and Asia the titles of rose and Frankfurt gained 4%. The assessment 'credit rating agency Fitch on à ¨ negative on the prospects and the solvency move has been judged by AA + to AA.

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