Daily News: September 24, 2013

Bloomberg: New York Life Suspends Lending Unit Chief

Bloomberg reported that New York Life Insurance suspended the chief executive officer at a lending unit over violations of company policy, according to a Bloomberg source with knowledge of the action.

Bloomberg said Trevor Clark, CEO of Madison Capital Funding, and Christopher Williams, a senior managing director, were suspended with pay for violating policies related to personal investments and business activities, according to the Bloomberg source.

To read the entire Bloomberg story, click here.