Bank of America

Bank of America is one of the largest fully integrated financial services companies in the world.

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SEC charges Merrill Lynch for failure to supervise RMBS traders

Securities and Exchange Commission Building

The Securities and Exchange Commission Tuesday announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately $5.2 million.

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HSBC Canary Wharf close-up

Reuters People News - BofA, Citi, Goldman, HSBC

Bank of America has appointed Marco Chisari and Rob Brass as co-heads of global semiconductor investment banking in a move aimed to deepen the bank’s focus on the sector, according to a memo published on Monday and confirmed by a spokesman.

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