Merrill Lynch Stories
BofA CEO search to drag until Thanksgiving: report
Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.
BofA CEO search to drag until Thanksgiving - report
Bank of America Corp's CEO search could last until Thanksgiving, the New York Post reported on Friday.
BofA's consumer bank chief eyes CEO job
Bank of America's consumer banking chief, tipped to be a leading candidate to replace outgoing chief executive Kenneth Lewis, said he is keen to step into the top job but will stay on if he misses out, addressing one of Wall Street's most talked-about issues.
PENPIX,Possible Lewis replacements at BofA,
Bank of America Corp CEO Ken Lewis' year-end retirement is fast approaching and the bank's search committee is still hunting for a successor.
Bailed-out U.S. banks setting stage for pay bonanza
Eight major banks which were at the front of the line for government bailouts have already set aside $117.6 billion this year to pay employees, almost as much as they paid in all of 2008, a Reuters analysis has found.
BofA CEO may be based outside Charlotte: report
Bank of America Corp is considering allowing its next chief executive to be based in a city other than Charlotte, North Carolina, the bank's long-time headquarters, Bloomberg reported on Tuesday.
UPDATE 1-BofA-Merrill upgrades Genworth Financial to buy
Bank of America-Merrill Lynch raised Genworth Financial Inc (GNW.N) to buy from neutral saying the life and mortgage insurer was an attractive potential rebound story once the financial crisis ends.
Merrill Lynch veteran to head UBS U.S. wealth unit
Merrill Lynch veteran Robert McCann, the new head of UBS's loss-making U.S. wealth management unit, said he had no plans to sell the business that was battered by a high-profile tax row.
BofA introduces automatic transfers for ML clients
Bank of America Corp said Merrill Lynch customers can now automatically transfer funds in retirement accounts into standard bank accounts, the first major new service launched by the combined company.
South Korea wins biggest energy deal with Canada's Harvest
South Korea ended a frustrating losing streak in overseas resource deals with the agreed $1.7 billion takeover of Canada's Harvest Energy Trust, securing oil and gas reserves but also taking on an aging refinery in need of significant investment.
Investment bank Imperial Capital seeks $150 mln IPO
Boutique investment bank Imperial Capital Group Inc is planning to raise as much as $150 million in an initial public offering.
Morgan Stanley trading desk powers earnings beat
Morgan Stanley's riskier trading operations have stolen the thunder from its growing brokerage -- at least for now.
Evergrande targets $769 mln HK IPO, way below '08 plans
Chinese property developer Evergrande Real Estate Group Limited plans to raise up to $769 million in a Hong Kong initial public offering, according to a term sheet obtained by Reuters on Monday, 63 percent below its attempted goal last year.
Congress calls on BofA directors to testify: source
Two Bank of America directors have been asked to testify before Congress on the bank's acquisition of Merrill Lynch and ensuing fallout, a source familiar with the matter said on Friday.
BofA swings to $1 billion loss
Bank of America Corp posted a $1 billion quarterly loss on Friday as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator.
CORRECTED: BofA swings to $1 billion loss
(Corrects spelling of McDonald's name in paragraph 4)
Merrill, Lewis' 'crown jewel,' begins to shine
Merrill Lynch & Co's brokerage, the crown jewel that lured Bank of America Corp's chief executive into a takeover that ultimately cost him his job, is showing signs of a revival.
BofA posts $1 billion loss on consumer credit woes
Bank of America Corp posted a wider-than-expected third-quarter loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes, sending its shares down 4.5 percent .
BofA's Lewis to receive no pay, bonus in 2009
Bank of America Corp Chief Executive Kenneth Lewis will receive no pay or benefits for his last year of work at the company.
OCBC pays $1.5 billion for ING's Asia private bank
Banking group OCBC clinched a deal to buy Dutch-based ING Group NV's private banking unit in Asia for $1.5 billion in a deal which would elevate it to Singapore's second-ranked bank by assets.
Banks jostle for commods talent as markets rebound
Rallying commodity markets are adding to profits of Wall Street houses like Goldman Sachs and JPMorgan, and banks are ramping up commodity desks again, a year after the recession cut into operations.
Daily Outlook - Oct 13
Hiring after the Recession; BofA Gives More; Airlines' Alt Fuel Flight
BofA agrees to give more details on Merrill
Bank of America Corp agreed to give federal authorities more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, U.S. regulators said on Tuesday.
Merrill hires Goldman banker for SE Asia - sources
Bank of America-Merrill Lynch has hired Tan Chong Lee, who was last at Goldman Sachs, as its head of Southeast Asia investment banking, two sources familiar with the matter said on Tuesday.
BofA agrees to give SEC more details on Merrill
Bank of America Corp agreed to give regulators more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, federal regulators said on Tuesday.
BofA agrees to waive Merrill legal privileges
Bank of America Corp agreed to waive legal privileges linked to its purchase of Merrill Lynch, in a step that could force the bank to hand over more details of how much it knew when it bought the investment bank, federal regulators said on Tuesday.
Asian wealth slides, rich tiptoe back into markets
The number of high net-worth individuals in Asia Pacific slumped 14 percent in 2008 and they lost over a fifth of their wealth, leading to only cautious moves from cash back into stocks this year, Merrill Lynch and Capgemini said on Tuesday.
BofA to turn over documents on Merrill buy: report
Bank of America Corp has agreed to hand over to investigators documents describing the legal advice it received related to its purchase of Merrill Lynch, the Wall Street Journal reported on Monday, citing people familiar with the situation.
Small firms outpaced by big-caps on earnings
As third quarter earnings season takes off, bigger is better. With the U.S. economy emerging from recession, large cap stocks are set to have a stronger third-quarter earnings season than their mid and small cap counterparts, which are expected to rebound at a slower pace
BlackRock's board given two new BofA members
Bank of America Corp appointed on Tuesday two new directors to asset manager BlackRock Inc's board, swapping current and former bank employees.