Bank Of America Corp.
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Wirehouses challenged as retention deals fade
Study estimates that between 12% and 20% of long-term packages signed after 2008 mergers will expire annually over the next four years.
Citigroup reaches $7 billion mortgage bond settlement
Joins JPMorgan Chase in settling charges it misrepresenting the quality of mortgage-backed bonds sold to investors as housing prices plummeted.
U.S. Trust hires managing director from JPMorgan in expansion bid
Firm looks to deepen its reach in the ultrahigh-net-worth market segment with plans to double head count in Washington by year's end.
Next on Janet Yellen's to-do list: Winding down a $4.5T balance sheet
On Friday's menu: What's next on Yellen's to-do list. Plus: Small-cap stock weakness as a leading indicator, an SEC official dishes on PE funds, big banks are loving big mortgages, three finance questions you better be able to answer, and getting by on $6,000 an hour.
Wirehouses warm to bank channel recruits
Wirehouses are now focusing on a new market segment in their talent searches: bank channel recruits. Why the change in sentiment for advisers once considered too risky?
Merrill Lynch dodges high-profile gender bias suit
N.Y. Supreme Court justice dismisses a complaint from three former trainees who claimed they were given a book called “Seducing the Boys' Club” and ultimately fired out of bias.
Coming off yesterday's big bounce, futures do not look bright for today
Breakfast with Benjamin: Backing off the big bounce. Plus: Bill Gross confesses, Bank of America pays for cheesy marketing tactics, investing in wind energy and an urgent reminder to change those passwords
Breakfast with Benjamin: Fed shrugs off market selloff and sticks to taper plans
Breakfast with Benjamin: Janet Yellen's Fed is sticking with tapering but more econ data today could change the conversation. Plus: Stocks are down big so is it the overdue correction? And Japanese stocks fell 4% overnight, the case for index funds, BofA rate traders see smaller bonuses, and ...
Krawcheck says advisory business still coming up short in reaching out to women
The trailblazer says the advisory business is still coming up short in reaching out to women, both as advisers and clients, and explains why.
Merrill Lynch ends 2013 on a high note
Fee-based business and strong markets drive up results for BofA's wirehouse.
Big banks feel the heat from religious investor groups
Friday's breakfast is served: Big banks feel the heat from religious investor groups; Deutsche Bank settles with Finra; the housing recovery's recovery and Jamie Dimon's wacky holiday card
Bernanke looks past end of QE and sees low rates for a long time
Today's Breakfast with Benjamin: Bernanke sees low rates for a long, long time; holiday retailers on the ropes; SAC Capital jury selection; investigating fishy employment data; coal becomes the next tobacco-style villain
When undervalued stocks are expensive
How to find undervalued stocks in a bull market. Plus, Bitcoin (yes, Bitcoin) gets legit; big investors licking their chops at BofA $8.5B settlement proposal; some good news for Madoff victims; and welcome back cap gain distributions. Curated by InvestmentNews senior columnist Jeff Benjamin.
BofA Merrill bias settlement goes to once-skeptical judge for approval
The judge who today will hear arguments on Bank of America's $160 million settlement has repeatedly rejected requests by black financial advisers at BofA's Merrill Lynch unit to sue as a group over alleged racial discrimination.
BofA's Merrill reaches $160M settlement in racial discrimination lawsuit
Merrill Lynch reaches a $160 million settlement over a racial discrimination lawsuit filed by a group of advisers.
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