Merrill Lynch Stories
BofA's legal problems growing, may push exec change
Bank of America Corp CEO Ken Lewis has survived troubled acquisitions, massive credit losses and two government bailouts, but experts question whether he can survive a series of investigations.
Lawmaker faults BofA's response to Merrill inquiry
A congressman accused Bank of America Corp of meeting his requests for information with volumes of irrelevant documents and has set a Monday deadline for more information, according to a letter obtained by Reuters.
Daily Outlook - Sept 21
Pressure Grows on BofA; Dell Acquires Perot; Global Stocks Slip
BofA to add DuPont's Holliday to board: report
DuPont Co Chairman Charles Holliday will likely be added to Bank of America Corp's board of directors at a meeting on Monday, the Wall Street Journal said, citing a person familiar with the situation.
Congress demands BofA details on Merrill deal: report
A House of Representatives panel has told Bank of America Corp that it cannot use attorney-client privilege to withhold from Congress details on its purchase of Merrill Lynch, The New York Times reported on Monday.
FBI, DOJ investigating BofA's Merrill deal: report
U.S. authorities are conducting a criminal probe into Bank of America Corp's purchase of Merrill Lynch, the Charlotte Observer reported on Friday.
Cuomo subpoenas 5 Bank of America directors
Ratcheting up pressure on the largest U.S. bank, New York Attorney General Andrew Cuomo has subpoenaed five current or former Bank of America Corp directors to learn what they knew about Merrill Lynch & Co's problems as the companies prepared to merge.
Bank of America, McCann in settlement talks
Lawyers for Bank of America Corp and former Merrill Lynch & Co brokerage chief Robert McCann were in talks Wednesday to resolve his lawsuit accusing the bank of blocking him from taking a job with a rival.
Brazil's PDG Realty to offer 56 mln shares
Brazilian real estate developer PDG Realty plans a primary offering of 56 million new shares to raise an estimated 775.6 million reais ($430 million), the company said in a regulatory filing on Wednesday.
SEC has few options, none good, in BofA case
Stung by a federal judge's rejection of settlement efforts with Bank of America Corp, the U.S. Securities and Exchange Commission has a few ways to proceed in the case. None is good.
Lehman bust highlights analyst group-think disease
All of Wall Street's bank analysts were caught out by Lehman's collapse -- and few have redeemed themselves since. Just a handful have dared to issue a buy on bank stocks that have surged since March -- after they all failed to slap that sell on Lehman Brothers before it went bust a year ago.
BofA-SEC bonus pact rejected
A federal judge rejected Bank of America Corp's $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York's top legal officer prepared to sue senior bank executives.
BofA-SEC bonus pact rejected; Cuomo eyes charges
A federal judge rejected Bank of America Corp's $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York's top legal officer prepared possible civil charges against bank executives.
BofA-SEC bonus settlement rejected
A federal judge on Monday rejected Bank of America Corp's and the U.S. Securities and Exchange Commission's $33 million settlement over Merrill Lynch & Co bonuses as a contrivance that deprives shareholders of the truth.
Daily Wrap Up - Sept 14
'Contrivance' Rejected; Obama's Wall St Push; Job Cuts Still Coming
Bank of America-SEC bonuses pact rejected
A federal judge on Monday rejected Bank of America Corp's and the U.S. Securities and Exchange Commission's proposed settlement over Merrill Lynch & Co bonuses, describing the agreement as a contrivance that harms shareholders.
Full text of Obama's Wall Street speech
President Barack Obama is at New York's Federal Hall on Wall Street today where he is addressing leaders of the financial community in a speech.
Banks change CEOs, but will that make them safer?
Morgan Stanley could be the first of many big banks to tap their more staid businesses for the next generation of leaders, but that might not be enough to contain the culture of risk-taking that creates financial meltdowns.
Fire directors sue Merrill, alleged racial bias
Five black fire safety directors of West Indian descent sued Bank of America Corp's Merrill Lynch unit on Friday, accusing it of discrimination on the basis of race and national origin, leading to their 2005 firings.
BofA says still in talks to exit government pact
Bank of America Chief Executive Ken Lewis said his company is still in talks with U.S. officials on how to compensate the government for a prior loss-sharing agreement, according to a letter released by a watchdog lawmaker on Thursday.
Bank of America names Orcel to executive banking post
Bank of America Corp said on Thursday it named London-based Andrea Orcel an executive chairman for its global banking and markets division, according to an internal memo seen by Reuters.
Stocks edge up after mixed corporate outlooks
Stocks edged up on Thursday, extending a run up into a fifth trading session, with a brighter outlook from consumer products maker Procter & Gamble Co countering a dim forecast from Monsanto Co.
BofA pushes SEC settlement, rejects Cuomo charges
Bank of America Corp and the U.S. Securities and Exchange Commission on Wednesday made a third attempt to persuade a skeptical judge to approve their settlement over Merrill Lynch & Co bonuses. But experts said they may not have done enough.
BofA letter rejects charges by NY state AG Cuomo
Bank of America Corp shot back at New York Attorney General Andrew Cuomo, saying he is simply wrong to claim that the bank is hindering an investigation into its takeover of Merrill Lynch & Co.
BofA letter rejects charges by Cuomo
Bank of America Corp shot back at New York Attorney General Andrew Cuomo, saying he is simply wrong to claim that the bank is hindering an investigation into its takeover of Merrill Lynch & Co.
NY's Cuomo may charge BofA execs over Merrill
New York Attorney General Andrew Cuomo threatened on Tuesday to file charges accusing top Bank of America Corp executives of failing to disclose essential details about its takeover of Merrill Lynch & Co.
Cadbury's best bet is more cash from Kraft: analysts
Britain's Cadbury has few options but to look for a higher bid and more cash after Kraft's 10.2 billion pound ($16.7 billion) offer for the world's No 2 confectionery group, analysts said on Tuesday.
BofA-Merrill reinstates coverage of Gilead, 3 others
Banc of America Securities-Merrill Lynch reinstated coverage of Gilead Sciences Inc with a buy rating, saying upside to consensus estimates over the next few years is likely, driven by strength in the drugmaker's HIV medicines amid few competitive threats.
BofA TARP payment splits analysts
Reports that Bank of America Corp (BAC.N) is in talks with the U.S. Treasury to repay $20 billion of its federal bailout was met by the market with joy -- and a little skepticism.
BofA offering to repay part of bailout: report
Bank of America is offering to repay part of the U.S. government bailout money, starting with the $20 billion it received in January to help with the acquisition of Merrill Lynch & Co, the Wall Street Journal reported on its website late on Monday.