Merrill Lynch Stories
SEC seeks fresh charges against BofA
The U.S. Securities and Exchange Commission is seeking to charge Bank of America with failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote on the merger between the two companies.
Obama, Cuomo target Wall Street bonuses
The White House and New York's top prosecutor attacked excessive Wall Street bonuses, as the nation's biggest banks prepare to hand out awards critics say were made possible by taxpayer bailouts.
BofA says bonuses will rise, but no record payouts
Bank of America Corp will likely pay some employees at its investment bank at levels significantly above last year, although there will be no record payouts, a spokesman for the bank said on Friday.
Stock futures flat ahead of employment report
Stock index futures were little changed on Friday ahead of a key monthly employment report expected to show the economy stopped shedding jobs last month for the first time in two years.
Bank of America to pay bonuses close to '07 levels: report
Bank of America Corp will pay its investment bankers bonuses close to the levels of 2007, as it tries to reduce defections following its takeover of Merrill Lynch & Co., the Wall Street Journal said late Thursday.
U.S. judge bars media bonus reports in SEC/BofA case
Bank of America Corp's defense against civil charges it misled investors during its takeover of Merrill Lynch & Co suffered a setback on Monday when a judge ruled that the bank may not present as trial evidence media reports that it told shareholders to ignore.
Digital Realty plans to raise $400 mln via share sale
Digital Realty Trust Inc (DLR.N) said it, along with its operating partnership Digital Realty Trust L.P., plans to raise up to $400 million through sale of its common shares.
How 2012 Will Love Your Portfolio
Your roving Whiskey reporter just came back from the Big Apple last week after a short afternoon's jaunt to the Japan Society. Lest you think I'm going to tell you to invest in kimono (like carry trade sweethearts did a few years back), don't be fooled.
BofA's Moynihan zones in on one word: Execute
Brian Moynihan may be about to run the largest U.S. bank at a time of massive change in the crisis-damaged industry but he seems to be restricting his public comments about strategy to one word: Execute.
BofA's newly named CEO says won't sell U.S. Trust
nk of America Corp's successor for retiring Chief Executive Kenneth Lewis said on Thursday the company has no plans to sell its U.S. Trust unit.
Bank of America names Moynihan next CEO
Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.
Morgan Stanley hires ex-Merrill COO Fleming
Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes.
Stock futures signal gains after Dubai bailout
Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100 futures up 0.49 percent.
Goldman Sachs played bigger role in AIG trades: report
Goldman Sachs Group Inc played a bigger role in fueling the mortgage bets that crippled American Insurance Group Inc than has been publicly disclosed, the Wall Street Journal reported on Saturday.
SEC eyes all aspects of BofA's Merrill proxy
U.S. securities regulators are looking at what Bank of America disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.
US SEC eyes all aspects of BofA's Merrill proxy
U.S. securities regulators are looking at what Bank of America (BAC.N) disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.
FDIC's Bair says was urged to aid BofA
The Federal Deposit Insurance Corp resisted pressure from the administration of President George W. Bush to extend assistance to Bank of America to complete its purchase of Merrill Lynch but was ultimately convinced of the need, FDIC Chairman Sheila Bair said on Friday.
BC Partners picks banks for Brenntag IPO: sources
Private equity company BC Partners BCPRT.UL has hired four investment banks to supervise an initial public offering for chemicals distributor Brenntag, several sources familiar with the matter told Reuters on Friday.
BofA finishes TARP repayment
Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
BofA sends TARP repayment, may ease CEO search
Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
BofA completes TARP repayment
Bank of America Corp said on Wednesday it completed a previously announced plan to repay $45 billion in U.S. government aid, issued at the height of the financial crisis.
BofA Merrill shakes up retirement unit
Bank of America Merrill Lynch named three executives on Tuesday to run its $450 billion retirement services business, including rehiring a former executive who left earlier this year.
Bank of America CEO candidate under scrutiny: report
Bank of America Corp's Chief Risk Officer Greg Curl is under scrutiny by New York attorney general Andrew Cuomo's office in connection with the probe of the bank's merger with Merrill Lynch, the New York Times reported.
BofA's Greg Curl under scrutiny by Cuomo's office: report
Bank of America Corp's Chief Risk Officer Greg Curl is under scrutiny by New York attorney general Andrew Cuomo's office in connection with the probe of the bank's merger with Merrill Lynch, the New York Times reported.
Language Line files for $400 mln IPO
Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million.
Big U.S. brokers lost clients to online firms: survey
Big, full-service brokerages have lost a significant chunk of business to online firms that told small investors they are better off making their own decisions, Aite Group said in a report.
Kuwait sells Citi stake, makes $1.1 billion profit
Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.
Daily Wrap Up - Dec 4
Banking on Banks; Fast Food Blues; Another BP Spill
Hedge funds still keen on big banks
Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.
U.S. companies celebrating holiday on the cheap
The United States may be emerging from recession but some firms are canceling holiday parties for a second year in a row and others are bragging about having fun on the cheap.