All Posts Tagged With: "Merrill Lynch"

With new regulations cutting into revenue and profits at large banks, it looks like Bank of America (NYSE:BAC) and others are responding by putting more of an emphasis on the investment banking side of the business, which has been the key revenue and profit generator for the banks over the last year.
In response to that [...]

Greg Curl, the Chief Risk Officer for Bank of America (NYSE: BAC) and one of the leading internal candidates for the Chief Executive Officer (CEO) position at the bank is currently being sought for additional questioning by the office of New York’s attorney general, Andrew Cuomo.  The New York Times reported on Tuesday that the [...]

There is a potential disaster looming at Bank of America (NYSE:BAC) concerning its CEO situation, where nobody with any brains would want to accept the position, as government attacks on Ken Lewis would assuredly continue on with his successor.
Lewis has of course come under heavy scrutiny from the deal made for Merrill Lynch and the [...]

Although it’s unclear as to what the implications are at this time, the top lawyer from Bank of America (NYSE: BAC), Brian T. Moynihan, wasn’t legally allowed to practice law during the period the Merrill Lynch deal was going down.
Moynihan was named the head lawyer for Bank of America in December, he didn’t upgrade his [...]

The rejection of the proposed $33 million settlement between the SEC and Bank of America (NYSE: BAC) has created a number of interesting scenarios and potential fallout from the decision.
Included with that fallout will be the bringing to the surface of a number of participants in these types of deals to the public in order [...]