Credit card giant Visa (NYSE: V) announced Wednesday that its Board of Directors has appointed the firm’s new Chief Executive Officer, turning to a seasoned banking executive to do so. The change comes at an important time for Visa, struggling to maintain its competitive advantage during a changing landscape. Charles W. Scharf, who is currently the Managing Director of One Equity Partners, which manages $10 billion of investments for JPMorgan Chase (NYSE: JPM), will assume the role of CEO... 

Vikram Pandit, the former Chief Executive of Citigroup (NYSE: C), isn’t a bad guy. He didn’t do anything egregiously wrong while heading up the New York based bank, and few investors attack his performance personally, even though the firm struggled under his reign. He’s not a bad guy, but maybe, he just wasn’t the right guy for the job. By all reasonable accounts, Pandit and his management team inherited one heck of a mess at Citigroup. Chuck Prince led the firm from being... 

By all reasonable measures, Brian Moynihan inherited a mess as Chief Executive of Bank of America (NYSE: BAC). Since taking over in January 2010 from outgoing CEO Ken Lewis, Moynihan had the unenviable task of ridding his firm of toxic assets acquired under the previous regime, and improve the balance sheet to comply with impending stringent capital requirements. In his own words, the Charlotte based banking behemoth needed a “fortress balance sheet.” Last week, in a staff meeting broadcast... 

United Airlines is set to buy 150 Boeing 737s to replace its older planes that are not fuel efficient. The order was placed Thursday that includes 100 Boeing 737 Max 9. It is a new version of the airplane that has new engines and other improvements to cut its fuel consumption. The planes will be delivered to United Airlines in 2018. United Airlines is also purchasing 50 Boeing 737-900ER. The planes will arrive late next year. United Airlines’ order doesn’t mean that the company is getting bigger....