Investment bank takes US$1 billion charge for discontinued operations
Chammah to lead investment banking
Decision to keep Discover unit leads to negative outlook by ratings agencies
Wall Street firm to sell off aircraft-leasing unit
New CEO will focus on teamwork, strategy, productivity and service
Departure affords firm an opportunity to start fresh
Purcell says it’s the best thing to do
Awards Perelman US$850 million in damages
Investment bank says it was denied a fair trial
Governance changes also approved; stock down 5%