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By Joyce Hanson, AdvisorOne |
November 8, 2011
Industry insiders criticized big U.S. banks as being “uninvestable” on Tuesday at the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting in New York.
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By Janet Levaux, AdvisorOne |
October 13, 2011
The severance package for Sallie Krawcheck, the former head of Merrill Lynch, includes a one-time payment of $5.15 million and $850,000 in payments to be spread out over the next year.
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By Janet Levaux, AdvisorOne |
September 29, 2011
Bank of America said in early September that wealth-management head Sallie Krawcheck was leaving the company as part of a major reorganization of the bank and its operations.
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By Janet Levaux, AdvisorOne |
September 15, 2011
Bank of America was ordered to rehire and pay $930,000 to a whistleblower who had exposed improprieties at Countrywide Financial. DOL said the firing violated the whistleblower-protection provisions of Sarbanes-Oxley.
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By Janet Levaux, AdvisorOne |
August 29, 2011
Bank of America said Monday it was selling about 13 billion common shares, or 5%, of China Construction Bank to a group of investors for some $8.3 billion in cash and an after-tax gain of $3.3 billion.
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By Janet Levaux, AdvisorOne |
July 7, 2011
Krawcheck’s experience as a leader at two wirehouse firms has made her the respected voice of the channel’s strengths and its interests
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By Janet Levaux, AdvisorOne |
May 1, 2011
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By Kenneth Silber, Research |
March 24, 2011
Greg Farrell, author of "Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America," speaks with Research magazine’s Ken Silber about the pressures and personalities in the high-stakes, crisis-driven merger of Merrill and BofA.
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By Janet Levaux, AdvisorOne |
August 30, 2010
Profits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB's larger advisor force.
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By Janet Levaux, AdvisorOne |
August 30, 2010
Profits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB's larger advisor force.