Topic: Merrill Lynch & Co. Inc.

BofA Merrill unit in $315 million mortgage settlement

Reuters US Online Report Business News - 75 days ago
(Reuters) - Bank of America Corp agreed to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit.The proposed class-action accord is one of the largest settlements of investor claims ...

Nittany Lions on Wall Street still licking wounds

Reuters US Online Report Sports News - 94 days ago
NEW YORK (Reuters) - The Penn State sex abuse scandal has prompted soul searching by many of its alumni on Wall Street -- but perhaps nowhere greater than at Merrill Lynch, where hundreds of Nittany Lions roam among the Thundering Herd.The shock waves ...

Tower plan for N.Y. bus terminal snags again: report

Reuters US Online Report Domestic News - 96 days ago
NEW YORK (Reuters) - Plans to build a soaring office tower atop a midtown Manhattan's bus terminal snagged again after a Chinese investor in the Vornado Realty Trust project dropped out, Tuesday's New York Times said.The bus terminal is owned ...

Mexico to earn royalty on light bulb carbon credits

Reuters Environmental Online Report - 105 days ago
MELBOURNE (Reuters) - Mexico will earn a royalty on carbon credits generated from energy-saving light bulbs through a world-first deal that could pave the way for other developing countries to fund emissions cuts, the investor said on Monday.Under the project, an Australian ...

Merrill hires from Wells Fargo, MSSB

Reuters US Online Report Business News - 145 days ago
(Reuters) - Bank of America Merrill Lynch has recruited three former Wells Fargo advisers and one former Morgan Stanley Smith Barney adviser to join its California, Connecticut and Wyoming offices, the firm said late on Monday.The four advisers generated a combined revenue ...

Thiel puts brand on Merrill with shake-up

Reuters US Online Report Business News - 149 days ago
NEW YORK (Reuters) - John Thiel has moved out of Sallie Krawcheck's shadow, slashing Merrill Lynch manager jobs and taking steps to more closely align the firm's retail brokers and private bankers.Thiel, who was named head of Merrill's U ...

Thiel puts his brand on Merrill with shake-up

Reuters US Online Report Business News - 149 days ago
NEW YORK (Reuters) - John Thiel has moved out of Sallie Krawcheck's shadow, slashing Merrill Lynch manager jobs and taking steps to more closely align the firm's retail brokers and private bankers.Thiel, who was named head of Merrill's U ...

Former Morgan Stanley Smith Barney broker leaves for Merrill

Reuters US Online Report Business News - 153 days ago
NEW YORK (Reuters) - Bank of America Merrill Lynch has recruited a former Morgan Stanley Smith Barney broker who brought in $1.8 million in revenue last year.Antonio "Tony" daRoza, who spent just over two years with Morgan Stanley, managed $600 million ...

What the Bank of America shakeup means for you

Reuters US Online Report Business News - 163 days ago
NEW YORK (Reuters) - The recent executive shakeup at Bank of America followed by reports of massive layoffs at the bank may leave you wondering what the turmoil means for you - either as a client of the banking colossus and Merrill Lynch, the ...

Bank of America cuts 'could hit 40,000'

AFP Global Edition - 163 days ago
US financial giant Bank of America is considering cutting up to 40,000 jobs as part of a hotly anticipated round of belt-tightening, the Wall Street Journal reported Friday.The Journal cited unnamed sources as saying the company had discussed cuts of ...