merrill lynch
Citigroup CEO Jane Fraser will have to pull off the restructuring of the century to bring banking empire back to its former glory
It seems almost unfathomable that there was time — and not that long ago — that Citigroup was the model financial services firm.
Here's what a judge served up for 'Smoothie Guy's alleged racist tirade
The Connecticut financial adviser who was arrested and fired for going on an alleged racist tirade in a smoothie shop has been sentenced to probation.
Smoothie shop workers claim ex-financial adviser in racist rant threatened to kill them
The Connecticut teenage smoothie store worker who filmed the viral video of a man's racist rant claimed he also "threatened to kill us multiple times."
Merrill Lynch adviser fired after racist tirade against smoothie shop employee goes viral
James Iannazzo, 48, was arrested and charged with a hate crime following the chaotic scene at Robeks in Fairfield just before 2:30 p.m. Saturday, the Fairfield Police Department said.
Former Merrill Lynch CEO Dave Komansky dead at 82
There was a time when it didn’t matter what school you went to or whether you had a fancy MBA. If you were smart and hungry, you could have a...
NYPD hero Brian Mulkeen left big-money finance job to 'make a difference'
The Bronx cop killed in a desperate struggle with an ex-con gave up a high-paying financial job to serve his community as a police officer, according to a friend's emotional...
Merrill Lynch banker drugged, sexually assaulted woman in Italy: suit
A Chicago Merrill Lynch banker allegedly drugged and sexually assaulted a woman, leaving her with an STD while she was on vacation in Capri, Italy, with two friends last year,...
Merrill Lynch bolstering its ranks of financial advisers
Just when many on Wall Street thought Merrill Lynch’s thundering herd of financial advisers were a thing of the past, the Bank of America wealth management arm is hiring hundreds,...
Bank of America drops Merrill Lynch name in rebranding effort
The “Thundering Herd” is growing quieter. Bank of America is downgrading the iconic “Merrill Lynch” name as part of Chief Executive Brian Moynihan’s effort to rebrand the company under a...
Broadway star says Merrill Lynch needs to stop treating her like kid
A Broadway baby says Merrill Lynch should stop treating her like a child when it comes to an investment account her estranged father opened in her name. Samantha Massell, 28,...
Broker sues Merrill Lynch for gender discrimination
Merrill Lynch loaded the dice in Las Vegas — and cheated a local female high roller out of at least $1 million in commissions, according to a gender discrimination lawsuit...
Merrill Lynch whistleblowers get $83 million
Snitches get riches. A $415 million settlement from Merrill Lynch over billions in misused customer funds is the source of the largest-ever whistleblower award against a Wall Street company. Three...
Why Merrill Lynch won't touch bitcoin
Merrill Lynch last week became the latest — and largest — Wall Street bank to say no to bitcoin. The brokerage arm of Bank of America said its 17,000 financial...
Morgan Stanley nixes protocol pact, blocking brokers’ exits
Morgan Stanley has locked the gates to keep its high-priced wealth management brokers from fleeing. The new edict — breaking with a 13-year-old agreement known as the Protocol for Broker...
Wall Street's big brokerages scale back on recruiting
Wall Street’s big brokerages — or wirehouses, as they were once known — are ending the era of the high-priced broker for hire. They do not wish to compensate the...
Hedge funds are investing in bank stocks at record pace
Come on, hedgies — you call bank stocks an alternative investment? Hedge funds’ exposure to bank stocks hit record levels at the start of 2017, but many may have piled...
BofA will pay $415M to settle charges it risked client cash
Brian Moynihan’s Bank of America on Thursday agreed to pay $415 million to settle charges that it put billions of dollars of client cash at risk by placing it in...
Wall Street's high rollers think new ways to bring bigger profits
Wall Street brokers are dropping like flies. As their Midtown captains slash costs and crack the whip for higher profits, many of Wall Street’s top go-getting brokers are near physical...
Bank of America set to cash in on expiring Bloomberg terminal deal
This July, if you see former Big Apple Mayor Mike Bloomberg sweating, it may not be because of the usual summer heat. A secretive slice of the $4.4 billion deal...
'I think the brokers would've voted no': Merrill Lynch brokers on BofA's Moynihan
Betrayed, dazed and confused, some call it high treason inside Merrill Lynch. Merrill’s “Thundering Herd” of financial advisers — nearly 14,400 professionals who manage a staggering $2 trillion in client...