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Sallie Mae Names Steven McGarry CFO

Student lender Sallie Mae on Friday named Steven McGarry as chief financial officer and executive vice president of the future holding company of Sallie Mae Bank. McGarry will take up the new role as soon as the company has completed the planned separation of its consumer banking and loan management, servicing and asset recovery businesses. The news was announced by Raymond Quinlan, who will become chief executive and chairman of the board of Sallie Mae as soon as the transition has been completed. McGarry was senior vice president, corporate finance for the bank, which he joined in 1997 after stints with Toronto Dominion Bank in London and New York.Copyright © 2014 MarketWatch, Inc....

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    Toronto-Dominion Bank will pay $90 million in civil penalties to settle charges by U.S. regulators that it violated securities laws in connection with a Ponzi scheme...

  12. TD's Profits Slip 10% on Insurance Losses

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  1. Feds Warn Banks of Cyber Attacks on ATMs

    Federal regulators on Wednesday issued a warning to banks that an increasing number of cyber-attacks are targeting ATM machines.The attacks, which the U.S. Secret Se...

  2. How to Get Rid of Mortgage Insurance

    Home buyers unable to make a 20% down payment when buying their dream home can expect to pay private mortgage insurance (PMI) each month, but that doesn't mean it ha...

  3. What Financial Advice Do Millennials Say they Need?

    Despite millennials' confidence in their financial knowledge, they want advice on three topics in particular: savings, budgeting and credit cards.In a study conducte...

  4. ATMs May be at Risk as Windows XP Support Ends

    Your quick trip to an ATM might soon become a security risk if banks don't act fast.Banks have less than a month to upgrade their Automatic Teller Machines' (ATM) so...

  5. How to Secure the Best Possible Mortgage Terms

    Mortgages aren't created equal, and neither are the lenders who will issue you a home loan.To ensure you are getting the best possible loan terms, experts say you ha...

  6. Pot hits national airwaves

    John Layfield and Ty Young weigh in on the growing acceptance of marijuana and broadcasters airing marijuana ads.

  7. TD Bank Posts Q1 Profit, Boosts Dividend 9%

    Toronto-Dominion Bank said on Thursday its first-quarter profit rose 15 percent on the back of stronger wholesale banking and U.S. retail banking income, and the len...

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