Displaying 502 results
Bank of America, Wells Fargo in credit rating cross-hairs
Rating agency says it's considering lowering banks' credit worthiness; lack of government support the big worry
Schwab claims banks manipulated Libor
Eight Schwab mutual funds and related entities are the latest plaintiffs to sue a number of global banking…
Pessimism rules as portfolio managers reverse course on outlook
Portfolio managers were as shaken as individual investors by last week's market turmoil according to a global survey of fund managers that found that sentiment has taken a sharp turn for the worse.
$1B+ Merrill Lynch private-banking duo defects to HighTower
Searching for a “transformational business model,” Bank of America Merrill Lynch private banking vets Paul A. Pagnato and David W. Karp have joined HighTower Advisors LLC.
BofA wealth management untouched by record loss from mortgages
Bank of America Corp. is continuing to invest in its wealth management division, despite suffering a record loss from mortgages.
Bank of America Merrill Lynch still on hiring roll
Bank of America Merrill Lynch has brought on six new financial advisers in Texas, Pennsylvania and California.
Bank of America stock hits two-year low
Price dips below $11; stock traded at $55 in 2006
Merrill hit for $880K arbitration award
Clients of a prominent Bank of America Merrill Lynch broker have won an $880,000 arbitration award against the firm.
Pimco, BlackRock get some satisfaction with BofA settlement
Dust-up over soured mortgage trusts settled, as bank agrees to paybondholders $8.5B
Troubles aplenty, but Bank of America still largest wealth manager
Now sitting on nearly $2 trillion in assets; it was a very good year for BNP Paribas
BofA’s Krawcheck gives Sieg expanded wealth management role
Bank of America Corp.'s retirement services head Andrew Sieg will now be responsible for a unit managing investment products.
JPMorgan, Credit Suisse top Greenwich’s U.S. equity broker list
U.S. equity research and related services from JPMorgan Chase & Co. was voted the most valuable to asset managers surveyed by Greenwich Associates.
Pimco pressing BofA to buy back mortgages: Sources
Pimco., BlackRock and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp. unit, people familiar with the matter said.
BofA Merrill’s Krawcheck: No great exodus of reps to indies
Global wealth boss said company lost 35 reps to independent B-Ds last year, but picked up 25
Sarch: Are Merrill Lynch advisers nervous about Bank of America?
Three years after Bank of America rescued Merrill Lynch, BofA has hit a serious rough patch. Concerns about the bank's mortgage portfolio have welled up again. This week, those concerns drove the bank's stock price below $11. In 2006, it was at $55. The question: what do Merrill brokers make of all this?
Bank of America, Morgan Stanley agree to settlement over foreclosures on soldiers
Units of Bank of America and Morgan Stanley agreed to settle charges that they illegally foreclosed on U.S. service members. The Justice Department claimed that, in some cases, severely injured soldiers have had their houses seized.
Merrill reps, take note: BofA customers most likely to split
Nearly ten percent mulling a change; hard to cross-sell to a closed-out account
BAML! Thiel shakes things up at BofA Merrill Lynch
Two weeks ago, John Thiel took over for Sallie Krawcheck at Bank of America Merrill Lynch. Today, the wealth management boss rejiggered the entire operation. His goal? To get more support to advisers.
‘Tuesday afternoon massacre’ buys BofA’s Moynihan more time
Firings of Krawcheck, Price gives embattled CEO more breathing room to turn things around; 'in the line of fire'
Remember the titans: Wall Street elite got $1.2T in secret loans
Aristocracy of banking would have likely gone down the tubes without previously undisclosed Fed money; 'whopping numbers'
