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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 28, 2011
Sallie Krawcheck’s replacement at Merrill Lynch says he wants to improve results at the brokerage firm, which just grabbed four advisors from rivals Wells Fargo and Morgan Stanley.
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By Janet Levaux, AdvisorOne |
September 23, 2011
As firms like Raymond James endeavor to boost the ranks of women in the brokerage business, their executives and advisors say the Sallie Krawcheck story, despite her recent layoff from Bank of America-Merrill Lynch, remains a powerful one.
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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 |
September 12, 2011
BofA's restructuring comes six days after Sallie Krawcheck was let go as head of wealth management, but company says it will continue to hire FAs.
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By Janet Levaux, AdvisorOne |
September 7, 2011
Experts debate whether advisors are likely to jump ship or stay in the face of management changes.
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By Janet Levaux, AdvisorOne |
September 7, 2011
Bank of America CEO Brian Moynihan said Tuesday that he was reorganizing the bank's management and operating units, removing Sallie Krawcheck as head of the wealth management.
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By Janet Levaux, AdvisorOne |
September 1, 2011
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By Janet Levaux, AdvisorOne |
August 31, 2011
Bank of America has hired 38 Merrill Edge advisors serving mass-affluent clients in and around Washington, D.C., Baltimore and Philadelphia. The hiring is part of BofA-Merrill’s plan to nearly double the number of Financial Solutions Advisors to 1,000-plus by year-end.