Search results
Results from the WOW.Com Content Network
New York Attorney General Andrew Cuomo filed a lawsuit accusing former Bank of America (BAC) CEO Kenneth Lewis of misleading investors about Merrill Lynch's mounting losses before Bank of America ...
A daily look at legal news and the business of law: Claims That Lewis and Thain Hid Bonuses, Losses Can Proceed The Securities and Exchange Commission's original settlement with Bank of America ...
Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities.
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 ...
For premium support please call: 800-290-4726 more ways to reach us
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]
Bank of America is charged with permitting Canary to purchase mutual fund shares, after the markets had closed, at the closing price for that day. Spitzer's investigation was initiated after his office received a ten-minute June 2003 phone call from a Wall Street worker alerting them to an instance of the late trading problem.
Five years ago, Bank of America acquired Merrill Lynch, the nearly 100-year-old investment banking franchise. But it wasn't until today that Merrill Lynch officially ceased to exist. In a press ...