32 articles found within the last year.
Displaying results 21 - 32
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Was John Thain right about Merrill Lynch bonuses?
Former Merrill Lynch chief executive John Thain was ... Deal Journal has reviewed the private bonus agreement ... It is technically a non-public schedule that is ... The nuts and bolts of Merrill’s year-end bonus ... “The form and terms and conditions of the ... What Bank of America knew about $4bn in...
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Family counters Merrill Lynch lawsuit
A wealthy South American family has filed a ... In an answering memorandum to Merrill Lynch's amended ... Those positions lost millions of dollars when Bear ... The Nassers claim that Merrill liquidiated profitable positions ... The claimants said Merrill "knowingly deceived its clients"...
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Family Countersues Merrill Lynch For Losses
Members of a prominent South American banking family ... In the complaint, Ezequiel Nasser, Raymond Nasser, Albert ... Those positions, held in a brokerage account, lost ... The Nassers, who announced the suit on Wednesday, ... They are also seeking $300 million in punitive...
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Cuts begin at Bank of America Merrill Lynch
Bank of America and Merrill Lynch are to ... A recruitment industry source with knowledge of the ... The cuts come as it emerged that Merrill ... A bonus pool of that size would equate ... Recruitment industry sources familiar with the Merrill Lynch ... One headhunting source said Bank of America...
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US banks' wealth divisions feel the pain
The wealth units of Citi and Bank of ... Net profit at Citi’s global wealth management unit ... Revenues fell nearly to $2.8bn, with Latin American ... This week Citi confirmed it was selling its ... Citi Private Bank will remain part of Citigroup. ... Meanwhile the wealth operations of Bank of America,...
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'Subdued' Merrill staff face up to London cuts
Staff at Merrill Lynch’s London office were “keeping ... Merrill Lynch and Bank of America will slash ... Very few staff ventured outside the main entrance ... Those that did leave the building could be ... Inside the office, visitors and staff entering from ... One member of staff on a short-term contract...
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Merrill's wealth CIO sees recovery delayed until 2011
Gary Dugan, chief investment officer of Merrill Lynch ... At an annual outlook meeting yesterday, Dugan, who ... Dugan said reluctance to invest had reached such ... He predicted that until investors regain some faith ... He said: "Policy makers will have to offer ... Dugan also warned of a "dead cat bounce"...
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Barclays Wealth scoops operations chief from Merrill
Barclays Wealth, the wealth management arm of the ... Steve Fedor will be based in Dubai and ... Fedor spent 15 years at Merrill Lynch in ... Before Merrill Lynch, Fedor worked for PNC Financial ... Barclays Wealth has outlined an aggressive growth strategy...
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Bankers braced for bonus day blues
Bankers at Dresdner Kleinwort and Merrill Lynch will ... Today’s bonus payouts by the banks will be ... At Merrill Lynch, which will officially become part ... One Merrill Lynch banker speaking to Financial News ... A second Merrill employee, who said he had ... Another said: "The top people they want to...
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Bob Wigley takes his bow from Merrill Lynch
Bob Wigley, Merrill Lynch’s most senior Europe-based banker ... Wigley holds several high-profile board memberships including ... He joined Merrill Lynch 12 years to help ... Two years later, having been promoted to global ... Merrill Lynch chairman and chief executive John Thain...
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Row over advisers’ bonuses erupts at Merrill Lynch
Global wealth advisers working for Merrill Lynch are ... Bank of America’s rescue of Merrill Lynch was ... Some of them have been given nothing. Average ... Bank of America appears to have taken the ... Non-US assets of $142m account for 10.7% of ... But headhunters say global advisers feel they have...
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Merrill Lynch Wealth hires duo for Nordic team
Merrill Lynch Global Wealth Management has hired two ... Frode Andersen and Paul Boström join from Icelandic ... They will be based in Luxembourg and report ... The hires follow the addition of financial advisers ... Foldberg said: “We see strong growth potential in...
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