Securities regulators in New Hampshire are investigating claims by former Gov. Craig Benson that he lost $100 million because Merrill Lynch churned customer accounts to generate millions in excess commissions, CNBC reported. The New Hampshire Bureau of Securities Regulation has launched a probe into the...
A German investigation of Cum-Ex tax deals involves as much as 447.5 million euros ($500 million) lost to the government centers around two London bankers and major banks like Merrill Lynch, Société Générale, Deutsche Bank, M.M. Warburg and others, according to a report by Bloomberg....
Bank of America will drop the Merrill Lynch name from its trading and investment banking outfits, according to reports. The banking giant, which bought the longstanding Wall Street firm during the financial crisis in 2008, now plans to rebrand most of its wealth-management business as...
A top corporate banking executive at Bank of America (BoA) is slated to depart the institution, according to The Wall Street Journal (WSJ) reports Thursday (Sept. 20). The head of BoA’s corporate and investment banking unit, Christian Meissner, is planning to leave, the WSJ reported, citing an...
September 19, 2018
Polished shoes and nice jacket? Check. Laptop? Yep. Business cards and document pouch? Got it. Company-issued plastic? Ha! Who needs that? A successful business trip depends on preparation, and that includes payments. According to Bank of America’s new vision of the future, those trips — and other B2B payment activities such as buying supplies — would […]
July 11, 2023
The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges, stemming from 2009 to 2019, are due to hundreds of Suspicious Activity Reports (SARs) not being filed, the SEC said in a Tuesday (July 11) press release. Merrill Lynch has agreed […]
July 13, 2020
Securities regulators in New Hampshire are investigating claims by former Gov. Craig Benson that he lost $100 million because Merrill Lynch churned customer accounts to generate millions in excess commissions,...
May 28, 2019
A German investigation of Cum-Ex tax deals involves as much as 447.5 million euros ($500 million) lost to the government centers around two London bankers and major banks like Merrill...
February 25, 2019
Bank of America will drop the Merrill Lynch name from its trading and investment banking outfits, according to reports. The banking giant, which bought the longstanding Wall Street firm during...
