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Tom Henderson
- Comerica Inc., which moved its headquarters from Detroit to Dallas in 2007, faces its biggest corporate challenge since it merged with Manufacturers National Bank in 1992. As oil prices have plunged precipitously, the bank's portfolio of loans to the oil industry — its corporate home's signature business — has taken a hit and revenue has plunged. Comerica's disappointing first-quarter earnings released April 19 angered, or at least worried, some institutional investors and analysts.
Clik here to view.
Tom Henderson
- Comerica Inc., which moved its headquarters from Detroit to Dallas in 2007, faces its biggest corporate challenge since it merged with Manufacturers National Bank in 1992. As oil prices have plunged precipitously, the bank's portfolio of loans to the oil industry — its corporate home's signature business — has taken a hit and revenue has plunged. Comerica's disappointing first-quarter earnings released April 19 angered, or at least worried, some institutional investors and analysts.
