Bank of America's (BAC) Lewis Says Merrill's (MER) Thain Will Become President of Global Banking, Securities and Wealth Mgmt Oct 2, 2008 08:55AM

Bank of America's (NYSE: BAC) Chairman and CEO, Ken Lewis, today announced that John Thain, current ...


Ken Lewis Announces John Thain Role With Bank of America Oct 2, 2008 08:47AM

CHARLOTTE, Oct. 2 /PRNewswire/ -- Bank of America Chairman and Chief Executive Officer Ken Lewis today announced that John Thain, current chairman and chief executive officer of Merrill Lynch, will have a major role in the combined companies. Lewis also announced that Brian Moynihan will continue as president of Global Corporate and Investment Banking at Bank of America until the merger, and will take on a key newly created enterprise-wide role effective immediately. (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b ) Thain will become president of Global Banking, Securities and Wealth Management in the combined company once the merger is completed. His responsibilities will include what is now in Global Corporate and Investment Banking (GCIB) and most of what is now in Global Wealth and Investment Management (GWIM) at Bank of America which will be merged with similar functions at Merrill Lynch. "I am delighted that John has agreed to join Bank ...


Chaos - What Lehman Brothers and Merrill Lynch Mean to the Markets Sep 16, 2008 12:25PM

NEW YORK, Sept. 16 /PRNewswire/ -- "The Fed did the right thing to not get involved, to remove the moral hazard of institutions ignoring the risk of their counterparties going bankrupt," says Manny Weintraub, former Managing Director of Neuberger Berman and Founder of money management firm Integre Advisors. "I do think it means that Goldman Sachs and Morgan Stanley will try and find partners sooner than later. Today, as a counterparty, they have to charge less than firms with less leverage like JP Morgan or Bank of America. It used to be if you were going to do a transaction, you would go with whoever could get it done more cheaply for you. Now, there's a sense of why take the risk to enter into a counterparty transaction with a highly levered institution? "So if you compare how Merrill Lynch worked out to how ...


Bank of America Buys Merrill Lynch Creating Unique Financial Services Firm Sep 15, 2008 12:36AM

CHARLOTTE, N.C., Sept. 15 /PRNewswire-FirstCall/ -- Bank of America Corporation today announced it has agreed to acquire Merrill Lynch & Co., Inc. in a $50 billion all-stock transaction that creates a company unrivalled in its breadth of financial services and global reach. (Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b ) "Acquiring one of the premier wealth management, capital markets, and advisory companies is a great opportunity for our shareholders," Bank of America Chairman and Chief Executive Officer Ken Lewis said. "Together, our companies are more valuable because of the synergies in our businesses." "Merrill Lynch is a great global franchise and I look forward to working with Ken Lewis and our senior management teams to create what will be the leading financial institution in the world with the combination of these two firms," said John Thain, chairman and CEO of Merrill Lynch. Under terms of the transaction ...


Treasury Reportedly Calls on Wall Street Banks To Back Lehman (LEH) Sep 13, 2008 04:07PM

U.S. Treasury Secretary Henry Paulson and NY Federal Reserve Bank President Timothy Geithner pressured the heads of Wall Street's biggest firms to find a solution to fix the Lehman Brothers (NYSE: LEH) situation.

New York Fed spokesman Andrew Williams said talks between the government and the banks are continuing today. Last night's meeting between Wall Street execs and the government began at approximately 6 p.m. with Kendrick Wilson, the former Goldman Sachs (NYSE: GS) executive whom Secretary Paulson hired las an adviser during this financial malaise, helping ...




Sep 13, 2008 02:24PM Lehman Brothers (LEH) Deal Could Come As Soon As Tonight
Sep 12, 2008 02:09PM Is Merrill Lynch (MER) Next?
Sep 4, 2008 04:15PM Merrill Lynch to Announce Third Quarter 2008 Results on October 16
Sep 4, 2008 08:16AM Alberto Cribiore Resigns from Merrill Lynch Board of Directors
Sep 4, 2008 08:00AM Citi Names Alberto Cribiore as Vice Chairman of Institutional Clients Group
Aug 27, 2008 10:25AM Temasek Holdings Has Strong Confidence In Merrill Lynch (MER) CEO John Thain
Aug 21, 2008 08:33PM Merrill Lynch Announces Auction Rate Securities Regulatory Settlement
Aug 14, 2008 10:50AM Market Bets Merrill's (MER) Thain Will Have To Go Back On His Word - Again!
Aug 7, 2008 05:26PM Merrill Lynch to Buy Auction Rate Securities Positions from Its Retail Clients
Aug 7, 2008 01:04PM PR Newswire Photo Advisory for Thursday, August 7 at 1 p.m. EDT
Aug 7, 2008 08:00AM Merrill Lynch Chairman and CEO John A. Thain Named Chairman of USS NEW YORK Commissioning Committee
Aug 6, 2008 12:26PM Sanford C. Berstein & Co. Said Merrill Lynch (MER) Should Drastically Reduce Dividend
Aug 6, 2008 10:43AM David Moenning's Daily State of the Markets: 8/06
Aug 4, 2008 04:34PM Merrill's (MER) CEO Thain Said No Put on CDO Sale - CNBC
Aug 4, 2008 09:27AM Wachovia (WB): Take Profits Ahead of CEO's "Meet-and-Greet" with the Sell-Side Today - Morgan Keegan
Jul 31, 2008 04:47PM Merrill Lynch (MER) CEO Buys 500K Shares, Others Also Buy In Offering
Jul 31, 2008 04:39PM Form 4 THAIN JOHN A For: Jul 29
Jul 30, 2008 09:41AM David Moenning's Daily State of the Markets: 7/30
Jul 28, 2008 05:25PM Merrill Lynch Announces Substantial Sale of U.S. ABS CDOs, Exposure Reduction of $11.1 Billion
Jul 17, 2008 04:10PM Merrill Lynch Reports Second Quarter 2008 Net Loss from Continuing Operations of $4.6 Billion
Jul 7, 2008 08:00AM Merrill Lynch to Announce Second Quarter 2008 Results on July 17
Jun 27, 2008 03:51PM Merrill's (MER) Thain is Leaning Toward Deal with Blackrock -CNBC
Jun 27, 2008 01:11PM Merrill Lynch (MER) In Preliminary Talks To Sell Bloomberg Stake -CNBC
Jun 27, 2008 08:01AM Merrill Lynch (MER) Will Have To Address Issues - CNBC
Jun 23, 2008 03:49PM Merrill (MER) CEO Considering Selling BlackRock (BLK) Stake - CNBC
Jun 11, 2008 03:17PM Highlights from Thain's Speech at Investor Conference
Jun 11, 2008 11:36AM Merrill Lynch (MER) Stock Continues Free Fall Ahead of CEO Talk
Jun 10, 2008 03:46PM Merrill Lynch (MER) CEO Thain says the company has not used the Fed lending facility - Bloomberg
Apr 28, 2008 09:29AM Thomas K. Montag Appointed Head of Global Sales & Trading At Merrill Lynch (MER)
Apr 17, 2008 03:43PM Merrill Lynch (MER) Conference Call Highlights
Apr 17, 2008 06:57AM Merrill Lynch (MER) Reports Q1 Loss of $2.20, Write-Down of $1.5B and Credit Adjustments of $3B
Apr 4, 2008 09:46AM David Moenning's Daily State of the Markets: 4/4
Feb 11, 2008 08:23AM Citi Analyst Makes Positive Comments on Merrill Lynch (MER)
Jan 30, 2008 07:57AM Merrill Lynch's Thain Said No Longer Underwriting CDOs
Jan 28, 2008 07:38AM Fakahany Leaving Merrill Lynch (MER) - CNBC
Jan 17, 2008 10:36AM Merrill Lynch (MER) Appoints New Chief Risk Officer
Jan 17, 2008 10:24AM Merrill Lynch (MER) Traders Do Not Appear Too Busy
Jan 16, 2008 04:36PM BlackRock (BLK) Adds Merrill CEO Thain to Board