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LONDON -(Dow Jones)- Bank of America Merrill Lynch (BAC) Thursday announced the appointment of David Jervis as Head of Merrill Lynch Wealth Management for Europe, the Middle East and Africa, or EMEA. Jervis will succeed Eva Castillo when she departs from the role at the end of the year.
KAR Auction Services Inc. shares will make their trading debut Friday, but the auctioneer of used and salvaged vehicles raised less than it had hoped in its initial public offering. The company's IPO priced well below its expected range at a time of deep uncertainty in the auto industry.
Dec. 10 (Bloomberg) -- A former Merrill Lynch & Co. broker was sentenced to four years of probation today for conspiring to sell day traders access to internal “squawk boxes.”
Treasury Secretary Tim Geithner said on Thursday that he had no choice but to pay top dollar to business partners of troubled insurer AIG to avert a deeper financial panic last year.
NEW YORK----A Financial Industry Regulatory Authority arbitration panel in New York City has ruled that Merrill Lynch wrongfully terminated Joseph J. Mattia, a former Managing Director at Merrill Lynch and the branch manager of its flagship office located at 717 Fifth Avenue.
Can the U.S. collect its paper gain on Citigroup shares?
Due to adverse weather conditions in the New York City area on December 9, Marshall Larsen, Chairman, President and Chief Executive Officer of Goodrich Corporation , will not address the Bank of America Merrill Lynch 2009 Global Industries Conference on Thursday, Dec. 10, 2009, in New York City as previously scheduled.
KAR Auction Services Inc. is set to complete its initial public offering on Friday, but the auctioneer of used and salvage vehicles will be selling shares a time of deep uncertainty in the auto industry.
MILWAUKEE----Rockwell Automation, Inc. Chairman and CEO Keith Nosbusch will present at the Bank of America Merrill Lynch 2009 Global Industries Conference in New York today. Consistent with prior guidance, Nosbusch will reaffirm the company’s outlook for fiscal 2010, including outlook for revenue of $4.1 to $4.4 billion and earnings per share of $1.25 to $1.75.
Dec. 10 (Bloomberg) -- Investors should buy trust preferred securities instead of debt that is more senior in banks’ capital structure as yields tighten and the U.S. government withdraws support programs from the financial system, a Barclays Capital Plc analyst said today.
NEW YORK -(Dow Jones)- A former Merrill Lynch & Co. broker was sentenced to probation Thursday in a scheme to misuse brokerage firm "squawk boxes." At a hearing before U.S. District Judge John Gleeson in Brooklyn, N.Y.,
WASHINGTON -(Dow Jones)- House lawmakers plan to put pressure on the Securities and Exchange Commission Friday to expand its investigation of Bank of America Corp. (BAC), using documents they believe show the bank failed to notify shareholders of potentially significant losses ahead of a vote on its merger with Merrill Lynch and Co. Inc.
Dec. 10 (Bloomberg) -- UBS AG , Switzerland’s largest bank, will award bonuses to veteran financial advisers in the lender’s Americas wealth-management unit as it tries to retain brokers, according to a financial recruiter.
The VIX , as the Chicago Board Options Exchange Volatility Index is known, has dropped 72 percent from its record high of 80.86 in November 2008, two months after Lehman Brothers Holdings Inc. filed for bankruptcy.
Dec. 10 (Bloomberg) -- Exchange-traded funds added holdings of U.S. municipal securities at the highest rate among investor groups in the third quarter, based on Federal Reserve data that for the first time broke out ETF buying.
A key House panel will hold its fifth – and probably final – hearing tomorrow on Bank of America Corp.'s purchase of Merrill Lynch .
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