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Former BofA exec Bodurtha lands in Citigroup private banking biz
The game of musical chairs at Citgroup and Bank of America goes on. Citi announced today that its private banking operation has hired Steve Bodurtha as head of investments for North America. Mr. Bodurtha will oversee the investments platform for Citi Private Bank across the U.S. and Canada.
Bank of America’s Ken Lewis: We’ve retained top advisers
Bank of America's outgoing CEO Ken Lewis says the economy may be improving but the recovery in the financial industry remains slow.
Merrill Lynch wealth exec quits
Less than a month after Sallie Krawcheck, head of Bank of America's global wealth and investment management group, unveiled her leadership team, one member of her management group is now set to resign.
Krawcheck attempts to put thunder’ back in Merrill’s brokerage force
Sallie Krawcheck made a bold statement last week in her first public remarks since being tapped as president…
Citigroup’s private bank snags former Bank of America exec
David Bailin, a former Bank of America executive, was named managing director of Citi Private Bank, Citigroup said Friday.
Deutsche and BNP Paribas sue Bank of America over $1.73B
Deutsche Bank AG and a BNP Paribas unit sued Bank of America NA on Wednesday over allegations the bank failed to pay back $1.73 billion in secured notes.
Will Ken Lewis’ successor at BofA keep Merrill Lynch?
When a new chief executive takes over at Bank of America Corp. after Ken Lewis departs in January, one decision he or she is likely to face is whether BofA should sell — or spin off — the brokerage business of Merrill Lynch & Co. Inc., industry observers noted.
Sallie Krawcheck on the list of Ken Lewis’ potential successors at BofA
Ken Lewis' sudden announcement to Bank of America's board last night that he'll step down as CEO at yearend forces the company to move quickly to name a successor.
BofA likely to repay TARP in installments
Bank of America Corp. is likely to repay government bailout money in installments rather than as a lump sum, the bank's chief financial officer said today during an investor presentation.
Report: Bank of America offering to repay some aid
Bank of America Corp. is looking to pay back some of the billions in federal bailout aid it has received in an effort to get out from underneath the government's thumb, according to a published report.
Krawcheck unveils her new management team at BofA
Sallie Krawcheck, head of Merrill Lynch's Global Wealth & Investment Management unit, has named a number of top executives to her new management team.
Memo from Sallie Krawcheck with the details of her new team
A message from Sallie Krawcheck, president of Global Wealth & Investment Management: New Global Wealth & Investment…
BofA’s Krawcheck snares former Citigroup ’emerging’ wealth exec
Sallie Krawcheck has made one of her first key appointments as head of the global wealth management business at Bank of America Corp., hiring a former Citigroup Inc. wealth management executive to join her new team.
Dems, Republicans at odds over BofA, Merrill Lynch deal
A senior House Democrat said Tuesday the government didn't force Bank of America to take over Merrill Lynch, but Republicans charged that a committee inquiry was covering up the role of an Obama administration official.
Treasury set to slash pay at AIG, Citigroup, BofA
The Treasury Department on Thursday is expected to order seven companies that have not paid back last year's U.S. government bailouts to halve their top executives' average compensation.
BofA, AIG and Citigroup execs may be ordered to take pay cuts
The Obama administration plans to order companies that received huge U.S. government bailouts last year to sharply cut the compensation of their highest paid executives, according to a person familiar with the decision.
Holding court: Merrill Lynch legal tack could help recover reps’ retention awards
Merrill Lynch & Co. Inc. is pursuing a legal strategy that could give it a leg up in collecting from brokers who owe the firm money on retention packages.
Merrill Lynch financial advisers’ assets increase by $28B
While the number of financial advisers in Merrill Lynch & Co. Inc.'s global wealth management business held steady during the third quarter, their combined assets under management increased by some $28 billion during that period, according to today's quarterly earnings report released by Merrill's parent, Bank of America Corp.
Krawcheck named to BlackRock board
Sallie Krawcheck, president of the global wealth and investment management business, will now take a seat on the…
Q&A with Sallie Krawcheck: Why the behemoth brokerages will prevail
Sallie Krawcheck has been president of Bank of America Corp.'s global wealth and investment management unit for less than three months, but, as usual, she is already making news
