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AllianceBernstein Extends CEO's Employment Contract

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AllianceBernstein has announced that Peter Kraus, Chairman and Chief Executive Officer, and AllianceBernstein have agreed to extend the contractual term of his employment for an additional five years, commencing in January 2014, when his existing contract expires, through January 2019.

HOT LIST

Citi, Lehman, RBS, Standard Chartered, M&A

Sandler O'Neill analyst Jeffrey Harte told CNBC Thursday that shares in Citi could rise to $6-$8 in the coming months, 'as there's a real business there and I don't think that people really appreciate that the toxic assets are in the past'. The stock closed at $4.81 in New York Thursday.

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