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The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City. [11] A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. [12] At that time, the firm's name included a comma between Merrill and Lynch, which was dropped in 1938. [13]
On October 23, 2001, about two dozen senior executives of Merrill Lynch began returning to their offices on a limited number of floors within the building, making it the first tower in the four-tower complex to be reoccupied after the attacks. [1] The structure was renamed 250 Vesey Street when the complex became Brookfield Place in 2014. [2]
Later that day, Merrill Lynch was sold to Bank of America for 0.8595 share of Bank of America common stock for each Merrill Lynch common share, or about $50 billion or $29 per share. [ 50 ] [ 51 ] This price represented a 70.1% premium over the September 12 closing price or a 38% premium over Merrill's book value of $21 a share, [ 52 ] but also ...
BofA Securities, Inc., [1] previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill , the stock brokerage and trading platform subsidiary of Bank of America.
On October 3, 2008, Bank of America announced that John Thain would lead the combined Bank of America/Merrill Lynch Global Corporate and Investment Banking enterprise. Thain was forced out by Bank of America Chairman Kenneth D. Lewis on January 22, 2009, because of the colossal losses visited on B of A due to its acquisition of Merrill Lynch. [44]
Brian Lynch-- Chief Financial Officer. Matthew Boss-- Analyst. Artie Starrs-- Chief Executive Officer, TopGolf International. Matt Boss-- Analyst. Alex Perry-- Bank of America Merrill Lynch -- Analyst
Brookfield Place has been home to offices of various companies including Merrill Lynch, Lehman Brothers, Oppenheimer & Co., RBC Capital Markets, Nomura Group, American Express, Institute of Culinary Education, Bank of New York Mellon, Jane Street Capital, Time Inc. 95.5 K-LOVE, 96.7 Air1, and Brookfield Asset Management.
In 1986, O'Neal joined Merrill Lynch and, by the early 1990s, he was running Merrill's leveraged finance division. [7] After spells as global head of capital markets [6] and co-head of the corporate and institutional client group, [6] he spent two years as CFO from 1998 to 2000.