Merrill Lynch Stories
Judge questions SEC $150 million accord with BofA
A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp over the Merrill Lynch takeover, questioning whether the regulator was too tame in setting forth facts to help him decide.
Stock futures off as sovereign debt worries nag
Stock index futures were lower on Monday as nagging worries about euro zone sovereign debt continued to weigh on sentiment.
CIT, emerging from bankruptcy, hires Thain as CEO
CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
Wells Fargo to poach, train 1,400 brokers this year
Wells Fargo & Co's brokerage expects to add more than 1,400 financial advisers this year through a combination of poaching from rivals and training rookie brokers.
Cuomo charges BofA, ex-CEO with fraud; SEC settles
New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.
BofA, ex-CEO Lewis charged with fraud over Merrill
New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the bank's acquisition of Merrill Lynch & Co.
BofA adds property unit to Asia-Pacific hiring spree
Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.
BofA Merrill sees room to grow on world markets
Investors should consider stepping into equities linked to countries that are the first to raise interest rates, Bank of America Merrill Lynch's chief global equity strategist said on Wednesday.
AIG unit staff agrees to $20 million cut in payout
AIG said on Tuesday current and former employees of its Financial Products unit had so far agreed to accept cuts totaling about $20 million in retention payments, short of a $26 million target.
Second SEC/BofA case on track for summer trial
The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.
Merrill's Asia property funds back in business: sources
Bank of America has dropped plans to exit Merrill Lynch's Asia property funds business and will instead help it raise new money, cashing in on a recovery in the real estate sector, sources said.
Schwab says breakaway broker trend has legs
Charles Schwab Corp added a record number of wealth adviser teams as clients last year, benefiting from a wave of breakaway brokers leaving traditional firms to launch their own shops.
Wealth managers post mixed results
U.S. retail brokerages posted mixed fourth-quarter profits as higher merger and recruiting expenses offset growing management fees and a market-fueled increase in client assets.
Mortgage pain persists for BofA, Wells, U.S. Bancorp
In a sign that the U.S. banking sector's problems are far from over, lenders including Bank of America Corp reported falling bond trading revenue and mortgage lending weakness in the fourth quarter.
BofA, other big banks get M&A boost
Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.
Top wealth managers' profits hit by expenses
U.S. retail brokerages modestly boosted fourth-quarter profits as higher merger and recruiting expenses largely offset growing management fees and a market-fueled increase in client assets.
BofA, Wells Fargo, U.S. Bancorp boosted by M&A
Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.
BofA posts wider loss, but says credit stabilizing
Bank of America Corp reported a wider-than-expected quarterly loss, hurt by still-high loan losses and its repayment of U.S. government bailout aid.
Corrected: BofA posts wider loss, but says credit stabilizing
(Corrects global markets unit net income in 8th paragraph to $1.2 billion from $4.8 billion)
Morgan Stanley profit falls short on charges
Morgan Stanley's fourth-quarter profit missed expectations as results were hampered by accounting charges related to the appreciation of the value of the firm's debt.
BofA posts Q4 loss on credit costs
Bank of America Corp reported a fourth-quarter loss of $5.2 billion, hurt by higher credit costs, lower net interest income and its repayment of U.S. government bailout aid.
Citadel top investment banking exec leaves
The top executive of Citadel Investment Group's investment banking unit has left the firm, a company spokeswoman confirmed on Saturday.
Financial crisis panel to call Greenspan, Cox
U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.
U.S. financial crisis panel to call Greenspan, Cox
U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.
BofA moves CFO to retail bank post in reshuffling
Bank of America Corp said on Tuesday it would shift its chief financial officer to a job running its retail operations and seek a replacement CFO, one of several moves by new Chief Executive Brian Moynihan to put his imprint on the bank.
SEC sues Bank of America again, on Merrill losses
The Securities and Exchange Commission sued Bank of America Corp for a second time over its takeover of Merrill Lynch & Co, accusing the bank of failing to disclose huge losses at Merrill before shareholders voted on the merger.
BofA in talks to settle with Cuomo's office: report
Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives, the New York Times reported, citing people with knowledge of the matter.
BoA in talks to settle with Cuomo's office: report
Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives, the New York Times reported, citing people with knowledge of the matter.
U.S. judge rejects SEC bid to expand BofA complaint
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.
Judge rejects SEC bid to expand BofA complaint
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.