Bank of America

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

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Reuters People News - BofA, Citi, Goldman, HSBC

HSBC Canary Wharf close-up

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.

Merrill Lynch settles SEC charges of undisclosed conflict in advisory decision

Securities and Exchange Commission Building

The Securities and Exchange Commission has announced that Merrill Lynch, Pierce, Fenner & Smith has agreed to pay approximately $8.9 million to settle charges that it failed to disclose a conflict of interest arising out of its own business interests in deciding whether to continue to offer clients products managed by an outside third-party advisory firm.


Two top Merrill Lynch executives to leave firm

Sam Chapin and Dan Cummings, senior Merrill Lynch executives who helped meld the firm to Bank of America after the financial crisis, plan to step down as vice chairmen, ending more than 50 years of combined work at the company.


Money On Hook

FINRA sanctions Merrill Lynch $6m for selling IPOs to industry insiders

FINRA has announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. for improperly selling shares in initial public offerings (IPOs) to industry insiders, including its employees’ immediate family members and customers who were brokers at other brokerage firms. Merrill Lynch will pay a $5.5 million fine, and disgorge $490,530 it earned as revenue from the sales.