Leadership changes are starting to ripple through Bank of America’s investment bank as disagreements over risk-taking and a struggle to keep pace with competitors spur high-level departures.
Bank of America is one of the largest fully integrated financial services companies in the world.
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.
The weekend beginning Saturday, 13th September, 2008 will go down as the two-day period that changed the face of Wall Street.
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.
Louisiana is using the bond market to stick up for the Second Amendment.
Bank of America has added two senior investment bankers to its media and telecommunications team as it continues to bolster coverage of the sector, according to an internal memo reviewed by Reuters.
Trimmed costs by 5%.
Bank of America agreed to pay an undisclosed multimillion-dollar sum to settle claims of defamation brought by former executive Omeed Malik, who was fired by the bank earlier this year, according to a person familiar with the matter.
A fired ex-Bank of America executive is hitting a back at the firm with a claim for wrongful termination and defamation, seeking $20 million.
Bank of America is jumping on the AI bandwagon.
Charlotte Burkeman, the EMEA head of prime brokerage at Bank of America Merrill Lynch, is leaving the firm, two sources told Reuters.
Bank of America’s Merrill Lynch unit was sued by a Portuguese investment firm over a share sale that’s being probed by Italian regulators for potential market abuse.
Here's a few links to some interesting Bloomberg, MarketWatch, New York Times, Reuters and Telegraph stories currently doing the rounds.
Michael Findlay, Bank of America’s co-head of investment banking for the U.K. and Ireland, is planning to leave the bank to pursue a career outside of the industry, the firm said Friday.
Plans said in place to recruit up to 50 managing directors, and a number of mid-level staff to support them.
Deutsche Bank has hired Bank of America Corp’s Robert Innocentin as a managing director within its financial sponsors group, according to a memo seen by Reuters on Monday.
And the winners are.....
Bank of America Merrill Lynch has today that Peter Johnson will join the company as managing director and head of global futures and OTC clearing. In this role, Johnson will assume global responsibility for all futures, options and OTC derivatives clearing.
Veteran analyst Dick Bove reveals the one bank he would buy, and the one he thinks is in trouble for years to come.
Bank of America will start moving about 400 staff, mostly from London, to its Paris office in the next few weeks as the bank prepares for Brexit, according to a person familiar with the matter.
Bank of America's better-than-expected earnings report was driven by a strong performance from its consumer-banking business and lower taxes.
Bank of America has appointed Jiro Seguchi and Jin Su as co-presidents for the Asia-Pacific region, replacing Matthew Koder, who recently became global head of corporate and investment banking.
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.