LPL Financial IPO: Stock Market Overview
The number of IPOs so far has surged, comparing favorably to 2007's rate
LPL Financial IPO: Market Overview
By Joyce Hanson From an overall market perspective, LPL Financial's $600 million listing on Friday, June 4, arrives during a period of volatility, with a boomlet...
Better Days Ahead, Says Veteran Analyst
Equity analyst Richard Bove of Rochdale Securities closely tracks banks, including Bank of America, Morgan Stanley and Wells Fargo. He recently spoke with Research...
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...
Is Cuomo Hurting Wall Street?
Is Cuomo Hurting Wall Street? While New York Attorney General Andrew M. Cuomo and the wirehouse broker-dealers say they are "pleased" with their recent ARS settlements,...
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
Citi-New York Deal: A Win-Win? (Aug. 8, 2008)
While New York Attorney General Andrew M. Cuomo and Citibank say they are "pleased" with their recent auction rate securities, or ARS, settlement reached August 7, at least one industry veteran is app
Executive Shifts, Write-Downs Continue
Just weeks after the departure of former Merrill Lynch CEO Stan O'Neal, news reports have circulated that Mac Gardner, head of global wealth management for...
James Gorman Moves Up, as Zoe Cruz Bows Out
As of December 1, wealth-management head James Gorman, 49, and Morgan Stanley International chief Walid Chammah, 53, are co-presidents. They replace "retiring" co-president Zoe Cruz...
Thain Tapped as Merrill's New CEO
Merrill Lynch is now led by John A. Thain, 52, the former chief executive officer, director and member of the management committeee of NYSE Euronext...