Bank of America
This Merrill Broker Embraced Lending—and Lost His Job
The Financial Industry Regulatory Authority has suspended an Arizona advisor for 18 months for falsely affirming that prospective Bank of America borrowers had plenty of cash in their Merrill accounts.
New York Pushes JPMorgan, BofA, Visa to Reconsider Gun-Sale Risk
New York state’s pension funds are urging credit-card companies to consider following Citigroup Inc.’s lead in cracking down on gun-sellers.
Merrill Insiders Get $83 Million in SEC Whistle-Blower Awards
Three Merrill Lynch insiders will get more than $83 million from the U.S. Securities and Exchange Commission — the biggest-ever payouts — for providing information that helped the agency bring a 2016 case against Bank of America Corp., their attorney said Monday.
JPMorgan Joins BofA in Quiet Warning: Crypto Could Disrupt Banks
JPMorgan Chase & Co. just weighed in again on virtual currencies — very discreetly.
Will Merrill Clients Open $25,000 BofA Savings Accounts for a $200 Gift?
In latest cross-marketing push, BofA pushes checking/savings/credit card promotion to Merrill clients with $200 checking account cash-back.
Merrill Grows Revenue But New Client Assets Languish
Bank of America CEO promises greater digitization of wealth management, and increased push of “lower affluent” clients to Merrill Edge in bid to lower expenses.
Stifel Gives Staffers Special Tax-Gift Bonus
St. Louis-based firm joins crowd of corporations applauding the new tax law with a one-time gift to many of its employees.
Another Longtime Merrill Executive Hangs Up His Spurs
John Hogarty, chief operating officer of Bank of America’s wealth business and a defender of Merrill’s compensation plans, to retire at yearend.
Merrill Commission-Account Assets Fall to Almost Half of Total
Asset-based fee accounts helped generate 6% revenue rise in third quarter at Bank of America’s global wealth and investment management division.
Keith Banks Out as President of U.S. Trust
Executive who had run Merrill’s sister private banking unit since 2009 moves upstairs to vice chair role and is replaced by Bank of America’s business banking head Katy Knox.
Merrill Brand Takes a Hit with New BofA Credit Cards
Long-time Merrill Lynch+ signature credit card is discontinued in favor of new Bank of America rewards offer.