Displaying 502 results
So long, Sallie: BofA gives Krawcheck $6M golden handshake
BofA gives Krawcheck $6M golden handshake
Thundering Herd should stay stable post-Krawcheck
Life continues to get more complicated for Merrill Lynch advisers operating under the umbrella of beleaguered parent Bank of America Corp.
Ex-Red Sox backstop wins $1.2M in damages from Merrill
Not every ballplayer can cash in like Prince Fielder, but at least arbitrators were there to backstop ex-Red Sox catcher Doug Mirabelli, awarding the knuckleball specialist $1.2 million in a suitability case involving Merrill Lynch.
Merrill to pay $1 million over Finra arbitration rules
Merrill Lynch will pay $1 million to settle Finra claims it circumvented rules that require arbitration before disputes go to court
Dead client walking
Apparently, even dead clients can pay their credit card bills and bank regularly.
Bank of America shares top $10 for first time since August
Bank of America Corp. topped $10 in New York trading for the first time since August amid a rally that began after the firm passed the Federal Reserve stress test.
Will BAML’s new fiduciary service make big contribution to its DC business?
Bank of America's new fiduciary service will be available to plans with at least $25 million in defined-contribution assets and their retirement plan specialist advisers
Living client declared dead by Bank of America
Living client declared dead by Bank of America costing him thousands in added housing expenses, damaged credit
Missed the BofA rally? There’s still time, says investment exec
Brown says bank's stock still undervalued when compared to earnings potential
Suddenly, UBS and McCann have ‘mo
Turnaround at UBS Wealth Management Americas in progress; 'seemed lost a few years ago'
Schwab sues banks for manipulating Libor rates
Charles Schwab has sued Bank of America Corp., Citigroup Inc. and other banks. The reason? The brokerage claims they conspired to depress Libor rates by understating their borrowing costs. That, in turn, lowered the interest rates on short-term paper that Schwab mutual funds bought from the banks, the suit alleges.
In-branch Merrill Edge program adds brokers
Thousands of jobs at cost- conscious Bank of America may be on the chopping block, but one bank…
John Thiel: Calming the Merrill Lynch herd
When John Thiel took over as head of U.S. Wealth Management for Bank of America Merrill Lynch in April, the 15,000 or so Merrill Lynch financial advisers breathed a collective sigh of relief.
Fairholme Fund dumps Goldman, Morgan Stanley while keeping BofA
Bruce Berkowitz, suffering from redemptions after loading the Fairholme Fund with financial stocks, sold his stakes in Goldman Sachs Group Inc. and Morgan Stanley while keeping Citigroup Inc. and Bank of America Corp.
Suit over Merrill acquistion moves ahead — now as a class-action
Judge gives approval to certification; plaintiff's claim BofA misled shareholders about bonuses, losses
Trust preferreds tempt investors with junklike yields
Investors reaching for yield are finding it in an unlikely place: battered financial companies.
Merrill Lynch raises the bar for its brokers
The annual tweaking of the compensation grids for financial advisers at Bank of America Merrill Lynch could have a substantial impact on broker trainees, small-market advisers and low-end producers at the firm.
Look who’s defending Goldman Sachs and Bank of America
Bruce Berkowitz backs the two demonized financial titans; 'ethical good guys'.
Merrill Lynch fee-based revenue reaches record high
Merrill Lynch added to adviser ranks but revenue fell 1.9%.
Buffett takes a drubbing? Yep, at least on this stock
Warren Buffett is making plenty of changes to Berkshire Hathaway's portfolio. Last quarter, he closed out the company's stake in several marquee businesses -- including exiting Berkshire's holding in Bank of America at a steep loss.
