The Wall Street Journal reports that all is now well in MerrillLynchland, after Bank of America back-tracked and permitted the firm's investment bankers to have the old bull logo back on their business cards.
One Merrill banker told Here Is The City: 'This is a small victory, but a victory nevertheless. All we need now is for the Bank of America name to be dropped from the cards altogether. And from stationery. And, of course, from the signage on the buildings. And then we can all go back to business as usual'.
In the meantime, The Business Insider reports that staff over at Goldman's new building at 200 West Street in Battery Park are said to be rather unhappy with the $10m mural which is said to span the entire main lobby. Some staff are apparently moaning that the mural is too big and too ugly. To make matters worse, the firm is said to have splashed out another $5m on a painting said to be on display at the other entrance, which is apparently also being viewed just as positively.
Finally, Reuters reports that UBS has lifted its ban on Swiss-based private client advisors travelling abroad. The ban was imposed when the bank was mired in a legal spat with the US government over client tax evasion allegations (which has now been settled). The bank was concerned that innocent employees might be detained by US authorities (or countries friendly to the US), so it kept its Swiss-based staff safely close to home.