Bank Of America Corp.
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Merrill Lynch tells its advisers to get some water
Nontraditional investment could benefit from long-term trends, values-based investing: CIO Bartels.
Sallie Krawcheck: Don't underestimate robo-advisers
Sallie Krawcheck says online advice industry is filling a gap in the marketplace.
Expenses take toll on Merrill Lynch's Q4 earnings
Bank of America Merrill Lynch took a hit in the fourth quarter due to rising expenses and lower interest income, though CEO Brian Moynihan offered a vote of confidence that brokerage chief John Thiel is managing expenses well.
Merrill loses advisers managing $18.6 billion in 2014
Wirehouse lost advisers managing $18.6 billion in 2014; veteran brokers blame Bank of America's 'fire first and ask questions later' mentality and expiration of retention deals. (See also: How wirehouses will strike back against breakaways)
Oil producers are feeling the heat from falling prices
On today's Breakfast with Benjamin menu, some oil producers have a lot to lose from cheap oil. Plus: Merrill brokers are heading for greener pastures, activist investors are taking over, and tune up your holiday tipping practices.
Merrill Lynch loses two advisers with combined $2.1 billion in California
One goes to Stifel, the other to UBS. Both had ties to Merrill's elite private banking and investment group that serves ultra-wealthy clients.
Wealth management a growing force in bank fortunes
Third-quarter earnings reports show that once again, wirehouses are driving revenue at the giant banks that own them.
Merrill asks $2.5 billion team to leave
The advisers allegedly violated Finra rules and firm policy by encouraging some of their larger clients to invest directly in hedge funds.
BofA settlement comes back to bite homeowners
On today's Breakfast with Benjamin menu: BofA settlement bites homeowners. Plus: Warren Buffett feels compliance pain; a mortgage shop tries financial advice; fewer stocks participating in the bull market run; and stocks that could benefit from the ALS ice-bucket challenge.
Investors jump on the low-volatility bandwagon
For Breakfast with Benjamin: Investors jump on the low-volatility bandwagon. Plus: A market fueled by bad news; B of A's big mortgage settlement' Countrywide exec finally heads to court; and how companies miss the mark with stock options.
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?