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.
In a continued move to invest in the build out of its Global Transaction Services business, Bank of America Merrill Lynch has announced two senior appointments.
Here's a few links to some interesting Bloomberg, Daily Mail, New York Post, Reuters and Telegraph stories currently doing the rounds.
Bank of America Merrill Lynch has announced that Fabrizio Gallo is joining the company from Brevan Howard Asset Management as co-head of Global Equities and EMEA Global Markets.
Bloomberg Markets April issue has an excellent profile on Bank of America CEO Brian Moynihan.
Here's how Bank of America CEO Brian Moynihan might look, but check the links below to see how 9 other top firm CEOs might appear if they made Pope.
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.
Bank of America Merrill Lynch has poached Nomura's Australian head of mergers and acquisitions Grant Chamberlain, a person familiar with the matter said Thursday.
Bank of America hired corporate-debt trader Deets Sankaranarayan from Goldman Sachs, according to people familiar with the matter.
Paul Frankfurt, head of block trades for Bank of America in Europe, the Middle East and Africa, has left the firm to join investment advisory services business Anoa Capital S.A.
Here's a few links to some interesting Bloomberg and Reuters stories currently doing the rounds.
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.