5 Messy Financial Firm Breakups—and One Keeping Mum
Sometimes being No. 2, or even No. 1, doesn't guarantee a future with the company.
Lessons From Merrill’s First 100 Years From Founder’s Son
As Merrill Lynch approaches its 100th anniversary, Its founder's son, Winthrop Smith, talks to ThinkAdvisor about its heroes and one villain in particular.
Former Merrill Head John Thain Defends Wall Street Compensation
No pointers on office redecoration, but the former Merrill CEO had plenty to say about the 2008 crisis, Wall Street compensation, the Fed and more.
Ken Lewis to Step Down at Year-end
Bank of America CEO Ken Lewis announced that he would retire early from the bank at the end of the year.
McCann Upbeat about Brokers; Hoping for One Set of Rules
He believes there should be one and only one set of rules for all advisors, regardless of what type of broker-dealer or RIA arrangement they have.
Merrill's Thain Expects Extended Downturn
Merrill Lynch Chief Executive John Thain has said he does not expect the global economy to recover quickly from the credit crisis and that the environment more closely resembled 1929, the advent of th
The Changing Landscape
As part of Bank of America's planned purchase of Merrill Lynch, BofA Chairman and CEO Ken Lewis has said that Merrill Lynch Chairman and CEO...
Wall Street Stunned
Wall Street is not what it used to be, for good or ill. Culminating (at least for the moment) a months-long period of market volatility and uncertainty spawned by the credit/housing crisis and punctuated by a Federal government-engineered bailout of Bear Stearns at the end of March and a Federal...
MERRILL TO BE SOLD TO BANK OF AMERICA (Sept. 15, 2008)
Bank of America Corporation has agreed to acquire Merrill Lynch in a $50 billion all-stock transaction, a deal predicted by industry expert Chip Roame in June as part of Research magazine's 30th-anniv
Cribiore Moves to Citi from Merrill (Sept. 9, 2008)
Citi says it has tapped former Merrill Lynch board member Alberto Cribiore to become vice chairman of its institutional clients group effective immediately. Cribiore, 62, will report to John Havens, C