Profile

Mr. Pitt, who served under President George W. Bush, oversaw a swift reopening of stock exchanges after 9/11 but was tarnished by later missteps.

A successor to Mr. Gorman has not been identified, but he said there were three internal candidates.

Senators derided Gregory Becker at a hearing about the failure of his bank. “It sounds a lot like ‘my dog ate my homework’,” one said.

The Los Angeles-based lender said that its falling stock price ignited customers’ “fears of the safety of their deposits.”

The Wall Street bank sold off some loans from its consumer-banking arm, Marcus, revealing a nearly $500 million loss in the business.

Shares in midsize banks that seemed to be on the brink stage a comeback.

Born into wealth, he turned it into even greater wealth in founding a Boston firm and was remembered as a “kinder, gentler” corporate raider.

The financier, who called himself Tomcat, was an early buyout enthusiast.

David M. Solomon earned $25 million in 2022, still a hefty sum but 30 percent lower than a year earlier.

The Wall Street giant reported that its profit fell by nearly 70 percent in its latest quarter, lagging results at its rival Morgan Stanley.