John Thain

• Ken Lewis to Step Down at Year-end

  By Kathleen McBride, AdvisorOne  |  October 1, 2009

  Bank of America CEO Ken Lewis announced that he would retire early from the bank at the end of the year.

• McCann Upbeat about Brokers; Hoping for One Set of Rules

  By Janet Levaux, AdvisorOne  |  September 21, 2009

  He believes there should be one and only one set of rules for all advisors, regardless of what type of broker-dealer or RIA arrangement they have.

• Merrill's Thain Expects Extended Downturn

  By Janet Levaux, AdvisorOne  |  November 11, 2008

  Merrill Lynch Chief Executive John Thain has said he does not expect the global economy to recover quickly from the credit crisis and that the environment more closely resembled 1929, the advent of th

• The Changing Landscape

  By Janet Levaux, AdvisorOne  |  November 1, 2008

  As part of Bank of America's planned purchase of Merrill Lynch, BofA Chairman and CEO Ken Lewis has said that Merrill Lynch Chairman and CEO...

• Wall Street Stunned

  By James J. Green, AdvisorOne  |  September 15, 2008

  Wall Street is not what it used to be, for good or ill. Culminating (at least for the moment) a months-long period of market volatility and uncertainty spawned by the credit/housing crisis and punctuated by a Federal government-engineered bailout of Bear Stearns at the end of March and a Federal...

• MERRILL TO BE SOLD TO BANK OF AMERICA (Sept. 15, 2008)

  By Janet Levaux, AdvisorOne  |  September 15, 2008

  Bank of America Corporation has agreed to acquire Merrill Lynch in a $50 billion all-stock transaction, a deal predicted by industry expert Chip Roame in June as part of Research magazine's 30th-anniv

• Cribiore Moves to Citi from Merrill (Sept. 9, 2008)

  By Janet Levaux, AdvisorOne  |  September 9, 2008

  Citi says it has tapped former Merrill Lynch board member Alberto Cribiore to become vice chairman of its institutional clients group effective immediately. Cribiore, 62, will report to John Havens, C

• Executive Shifts, Write-Downs Continue

  By Janet Levaux, AdvisorOne  |  February 1, 2008

  Just weeks after the departure of former Merrill Lynch CEO Stan O'Neal, news reports have circulated that Mac Gardner, head of global wealth management for...

• Merrill Lynch Reports $8.6 Billion Loss

  By Staff Writer  |  January 17, 2008

  Merrill Lynch suffered a loss of $8.6 billion "from continuing operations" for 2007, caused "by significant declines in Fixed Income, Currencies & Commodities (FICC) net revenues," for the last two quarters of the year, the firm said in a January 17 announcement.

• Victims & Victors

  By Kathleen McBride, AdvisorOne  |  December 1, 2007

  The fallout from the subprime meltdown has affected homeowners, bankers, and investors, and now has settled on some of the top corner offices of Wall...