Tag: bank of america

Corporate

Buffett endorsement bolsters BoA Merrill shares

Buffett's $5 billion investment in Bank of America Merrill Lynch is just the fillip stock markets need, despite specialists' mixed reception to the cash injection.

By Sameera Anand | 29 August 2011

Debt

NACF bonds tighten in secondary despite market dip

Korea's NACF takes advantage of a brief market recovery to price a $500 million senior bond.

By Denise Wee | 3 August 2011

Business Moves

Bank of America appoints Mukesh Ambani as director

Mukesh Ambani becomes the first non-American on the board of directors of Bank of America.

By Sameera Anand | 18 March 2011

View Point

WikiLeaks targets financial industry

Australian whistleblower Julian Assange says his next target will be "a big US bank".

By Nick Ferguson | 2 December 2010

Private Banking

BoA Merrill poaches from UBS to replace Antony Hung

Michael Benz jumps ship from UBS to BoA Merrill to replace Antony Hung as head of wealth management for the region.

By Sameera Anand | 8 September 2010

Corporate

Banks in US still under fire

Bank of America, Ken Lewis and Joe Price face a law suit related to the Merrill Lynch merger, while Goldman Sachs pays each of its head honchos a $9 million bonus for 2009.

By Sameera Anand | 9 February 2010

Business Moves

Bank of America shareholder suggests 18 names to replace Ken Lewis

Finger Interests, a large shareholder in Bank of America Merrill Lynch, has pressed the case for an external candidate to replace Ken Lewis, and has even suggested 18 potential ...

By Sameera Anand | 5 November 2009

View Point

Bank of America officers could face charges over Merrill merger

Bank of America is told that it cannot use attorney-client privilege to withhold information about why BoA shareholders didn't receive material disclosures regarding Merrill's ...

By Sameera Anand | 10 September 2009

Equities

Other sellers of CCB shares emerge

One institutional seller raises $474 million in the early hours of Wednesday morning, while another undisclosed party offloads up to $124 million worth of stock during trading ...

By Anette Jönsson | 14 May 2009

Equities

Bank of America sells CCB shares in private deal

Sources say the shares changed hands at a 14.3% discount to Monday's close, allowing Bank of America to raise $7.3 billion, although the US lender has yet to confirm the deal.

By Anette Jönsson | 13 May 2009

People Moves

Merrill strengthens Greater China research team

Three new analysts, one a former fund manager, move to Merrill Lynch to conduct research with a China focus.

By Daniel Inman | 29 April 2009

View Point

Will Merrill cost Ken Lewis his job?

Proxy advisory agencies and a large Bank of America investor advise shareholders to hold the chairman and CEO responsible for going ahead with the Merrill merger.

By Sameera Anand | 24 April 2009

View Point

Why a tax on bonuses is stupid and dangerous

Whipping up moral outrage isn't a solution, it simply panders to the lowest common denominator.

By Lara Wozniak | 24 March 2009

Business Moves

John Thain ousted from Bank of America

The former Merrill CEO resigns after a meeting with BoA chairman Kenneth Lewis and following bonus revelations.

By Anette Jönsson | 23 January 2009

People Moves

Merrill's head of Pacific Rim ECM resigns

Alex Woodthorpe hands in his notice after 13 years with the US investment bank, but agrees to stay on for a transition period.

By Anette Jönsson | 22 January 2009

People Moves

Pratt and Malhotra leave Merrill Lynch

Asia DCM head Jon Pratt becomes the latest victim of Bank of America's takeover of Merrill, while Rahul Malhotra resigns from his high-profile job within the private bank.

By Anette Jönsson | 21 January 2009

Business Moves

Tough times for BoA and Citi

Bank of America asks for more government assistance and Citi restructures.

By Lara Wozniak | 19 January 2009

People Moves

Changes underway at Merrill post BoA takeover

In Asia, Sheldon Trainor sets out on his own (though continues as an adviser), Mark Matthews leaves the research team, and the firm sets up a new corporate finance advisory group.

By Lara Wozniak, Anette Jönsson | 15 January 2009

Equities

Chinese bank blocks get 2009 off to a good start

Bank of America pulls off Hong Kong's largest block trade ever, selling $2.8 billion worth of shares in CCB, while Li Ka-shing Foundation raises $511 million from the sale of ...

By Anette Jönsson | 8 January 2009

M&A

Stoic shareholders bless Bank of America-Merrill marriage

Shareholders of both companies support the merger; a large reduction in staff is likely to be the next announcement.

By Sameera Anand | 8 December 2008

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