27 articles found within the last year.
Displaying results 1 - 20
-
BofA Merrill hires for French office
Bank of America Merrill Lynch has recruited three ... Nicolas Beyaert joins from Swiss private bank Lombard ... Arthur De Mortemart and Jerome Sack also joined ... De Mortemart joined as a vice president and ... Sack was a director of equity capital markets ... All three are based in Paris and report...
-
Eva Castillo quits BofA Merrill's wealth division
Eva Castillo has resigned as head of Bank ... It is understood Castillo, recently named as one ... The bank plans to name her successor in ... Castillo's former patron Robert McCann appointed her to ... However, Castillo's friends do not think she is ... A Bank of America Merrill Lynch spokeswoman was...
-
Crisis fails to dent largest banks' market shares
Massive changes in the investment banking industry over ... The findings appear in a report published this ... Bank of America Merrill Lynch, Citigroup and UBS ... Goldman Sachs’ share of the global investment banking ... JP Morgan, which has a market share of ... Credit Suisse's analysts wrote: “Across the industry, the...
-
Big banks' pay on course to top $200bn
JP Morgan Chase added a further $7.3bn (€4.9bn) ... Group compensation expenses at JP Morgan Chase rose ... Compensation rose despite a drop of 20%, or ... The combined first-half figure of $130bn is what ... According to the latest available figures, Bank of ... US investment bank Lazard has awarded the least,...
-
Krawcheck Stakes Her New Claim
Sallie Krawcheck's star is rising mighty fast. First, ... "There is only one free lunch in investing, ... Krawcheck, 44 years old, who until last year ... In her first interview since joining Bank of ... Krawcheck, who earned her financial spurs as a ... "While some of the old lessons were battered...
-
Barron's Top 20 Global Wealth Managers 2009
Cautious investors still find it difficult to know ... US publication Barron's this week compiled a definitive ... Below are the top 20 biggest wealth managers ... Big mergers, like Bank of America’s with Merrill ... 1 Bank of America Global Wealth and Investment ... 2 Morgan Stanley Smith Barney 482.0...
-
Bumper credit market inflows spark fresh fears of 'bubble'
Investors do not expect the wall of money ... In the latest credit investor survey by BofA ... The flow of money into credit funds in ... This trend is not expected to reverse soon ... Barnaby Martin, credit strategist at BofA Merrill Lynch ... He added: “With so much liquidity, investors remain...
-
Investors focus optimism on European stocks
Investors are at their most optimistic about European ... Only 1% of respondents were investing less than ... The figures mean that eurozone equities became the ... Michael Hartnett, the chief global equity strategist at ... A more balanced perspective on regional equities coincided...
-
STREET MOVES: Merrill Lynch Hires Financial Advisers
Merrill Lynch Global Wealth Management, a unit of ... On Aug. 14, John Licciardello, Charles Wharton ... Before joining Merrill, Licciardello worked at UBS for ... UBS advisers Vincent Condon and Carl Cascella joined ... According to Finra records, Condon was an 18-year ... Other new hires from UBS include Jonathan Hungerford,...
-
Banks ramp up pay packages to top talent
Some big banks that have received government bailouts ... Bank of America recently hired a top bond ... The offers come in the wake of an ... "The state is helping these banks stay in ... Bank of America's offer shows how some banks ... While those firms still have some latitude over...
-
Goldman buoyed by 140% fee forecast
Goldman Sachs has recorded the largest quarter-on-quarter increase ... Revenues from debt and equity underwriting, and mergers ... Equity capital market was largely responsible for the ... Goldman is due to release its second quarter ... The world’s largest fee earner remains JP Morgan,...
-
Fund managers on a six-year high
Fund managers are at their most optimistic about ... According to the latest Merrill Lynch Fund Manager ... Fund managers have cut back investment in low-risk ... As a result of improving sentiment, the Bank ... However, Gary Baker, head of European equity strategy ... He said: "While investors are finally overweight equities,...
-
BofA Merrill sues ex-advisers over alleged dirty tricks
Bank of America Merrill Lynch is suing three ... The Bank of America Merrill Lynch complaint alleges ... The advisers - Peter Weitz, Steven Weitz and ... The legal claim, which was filed in the ... The complaint also accuses the trio of establishing ... Bank of America Merrill Lynch was not immediately...
-
Credit funds report record inflows as investors dash for bonds
Inflows of new money into institutional credit funds ... In the latest credit investor survey from Bank ... During the past three months, investors – many ... As of yesterday, euro denominated corporate bond issuance ... Barnaby Martin, credit strategist at Bank of America...
-
Banks use life insurance to fund bonuses
Banks are using a little-known tactic to help ... Banks took out much of this life insurance ... Bank of America has the most life insurance ... The insurance policies essentially are informal pension funds ... Though not improper, the practice is similar to ... Efforts to rein in the practice largely have...
-
Merrill's wealth strategist leaves for Dubai job
The chief investment officer of Bank of America ... Gary Dugan is stepping down to become the ... His exit comes as the US bank reveals ... Dugan joined Merrill Lynch from Barclays Wealth in ... He stressed: "My departure from Merrill was amicable, ... A spokeswoman for Bank of America Merrill Lynch...
-
BofA Merrill takes $500bn wealth hit
The combined net client assets managed by Bank ... Total net assets of wealthy clients managed by ... However, the latest numbers include assets managed by ... At the end of the third quarter last ... It is understood that a large amount of ... Bank of America Merrill Lynch declined to comment....
-
Gallery Owner Stole $88M From Investors,Clients
The former co-owner of a defunct Manhattan art ... In a statement, Manhattan District Attorney Robert M. ... Salander, who co-founded the gallery in 1976 and ... Morgenthau said Salander, 59 years old, allegedly defrauded ... Salander applied for a personal loan from Bank...
-
Merrill's $10m men
As bad as 2008 was for Merrill Lynch, ... While Merrill staggered, 11 top executives were paid ... New York Attorney General Andrew Cuomo has subpoenaed ... The Wall Street Journal has identified most of ... Much of the 2008 pay came from bonuses, ... Some of Merrill's senior executives, including John Thain,...
-
BofA sets up deferred pay scheme as bonuses fall 80%
Bank of America staff will receive the first ... Bonus pay, which was down on average about ... Seventy percent of the Bank of America bonus ... The remaining 30% will be paid through an ... Compensation has become a divisive issue at Bank ... A spokeswoman for Bank of America said: “We...
12
