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For Sale - Merrill Lynch ?

For Sale Sign

It was admittedly a shotgun marriage (certainly as far as Merrill was concerned), and Bank of America did attempt to back out of the deal before it closed in 2008, but speculation is mounting (again) that BofA might end up spinning Merrill off or selling all, or part, of the business outright.

State Street Provides Details On Job Losses / Business Transformation Program

State Street Logo

State Street Corporation has now provided an update of its multi-year business operations and IT transformation program. First announced in November 2010, the program is designed to enhance State Street's growth by substantially increasing its focus on technology research and development and service excellence to drive innovation for clients and to streamline its operating model.

Senator George Mitchell Rejoins Deutsche Banks Americas Advisory Board

Deutsche Bank - External

New York - Deutsche Bank has announced that Senator George J. Mitchell is rejoining the Bank's Americas Advisory Board, effective August 1. Senator Mitchell originally joined the Advisory Board on September 5, 2005 and served until January 22, 2009, when President Barack Obama appointed him Special Envoy for Middle East Peace, a post he held until May 14, 2011.