Merrill's Asia employees on firm ground
Merrill Lynch in Asia is complementary to Bank of America's existing franchise, suggesting bankers in Asia could be in a safer position than counterparts elsewhere.
The Bank of America-Merrill Lynch combine is forecasting $7 billion of pre-tax cost savings over the next four years, representing 10% of the annualised expense base of the merged entity. What does this mean for Merrill's people in Asia
On a post-merger call posted on www.seekingalpha.com, Bank of America CFO Joe Price presented the $7 billion cost reduction forecast to analysts, saying ôThe savings would be centred in the areas you would expect with headcount reductions across both platforms including...
To continue reading, please login or register for free