Wednesday, May 23, 2012 10:21 AM SAST

Merrill Lynch

Overview

Bank of America Merrill Lynch is the investment banking and wealth management division of Bank of America. With over 20,000 brokers and $2.5 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York Stock Exchange under the ticker symbol MER. The firm was acquired by Bank of America under distressed circumstances during the 2008 Financial Crisis, at which point Bank of America merged its global banking and wealth management division with the newly acquired firm. Read More

Headlines Around the Web

Coty hires banks for initial public offering

May 17 - Financial Times

Time to reduce Canadian stock exposure, says analyst

May 15 - Financial Post

Analysts bullish on Splunk on potential to tap into ‘big data’ trend

May 14 - Financial Post

Summer good for equities in U.S. election years

May 01 - Financial Post

Renaissance offer for Andrew Osborne

Apr 17 - Independent

Bank of America Merrill Lynch closes offices, cuts staff across Canada

Mar 20 - Financial Post

Merrill Lynch seeks UBS banker to boost badly hit broking arm

Mar 12 - Independent

Merrill Lynch sees Dubai Group debt decision as credit positive

Feb 09 - AME Info

Bank of America’s Montag Hires Ex-Goldman Sachs Partner Sinha

Feb 08 - Business Week

BofA Investor Suit Over Merrill Deal Granted Class Action Status

Feb 07 - Business Week

Einhorn’s BofA broker faces £350,000 fine

Jan 26 - Financial Times

Global banks cut jobs in India at ruthless pace

Jan 26 - The Times of India

We are all Europeans now

Dec 16 - Financial Post

BofA to Settle Mortgage Securities Action for $315 Million

Dec 06 - Business Week

China opts for policy adjustment, not change

Dec 01 - MarketWatch

Bank of America Said to Shrink Equity Sales Team in London

Nov 17 - Business Week

MF Signs Death Warrant for Short-Term Funding: William D. Cohan

Nov 09 - Business Week

Bank of America Derivatives Transfer Attracts Lawmaker Scrutiny

Oct 27 - Business Week

U.S. likely to get second downgrade: Merrill

Oct 23 - Financial Post

BofA Said to Split Regulators Over Moving Merrill Contracts

Oct 18 - Business Week

Articles About Merrill Lynch

Regulators, investors turn up heat over Facebook IPO

By Reuters

Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange. (7:00 am)

MORE TOPICS: MICROSOFT, SEC, BANK OF AMERICA, GOLDMAN SACHS, JPMORGAN CHASE, MORGAN STANLEY

Barclays To Sell Entire Stake In BlackRock For $6.1 Billion

By IBTimes

Barclays PLC, the UK's second-largest bank by asset, said Monday it plans to sell its entire $6.1 billion stake in U.S. asset manager BlackRock Inc., as the tougher global regulatory environment has made such holding less attractive. (May 21)

MORE TOPICS: BARCLAYS, MORGAN STANLEY, NYSE, MANAGEMENT, INVESTMENT, NEW YORK

Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25

By IBTimes

This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. (May 21)

MORE TOPICS: CHINA, FEDERAL RESERVE, UNEMPLOYMENT, BANK OF AMERICA, BARCLAYS, HSBC

Barclays to sell $6.1 billion BlackRock stake

By Reuters

British bank Barclays said it is to sell its 19.6 percent holding in U.S. asset manager BlackRock, worth $6.1 billion and which it has held for almost three years. (May 21)

MORE TOPICS: BANK OF AMERICA, BARCLAYS, MORGAN STANLEY, MANAGEMENT

The EuroCrisis and Oil Prices

By LiveTradingNews

A disorderly break-up of the EuroZone could drive Brent Crude Oil prices to as low as 60 bbl in the resulting sharp European recession and negative Global economic consequences, Bank of America Merrill Lynch (NYSE:BAC) said Friday. (May 20)

MORE TOPICS: BANK OF AMERICA, NYSE, CRUDE OIL, INVESTMENT

Analysis: China's towering metal stockpiles cast economic shadow

By Reuters

When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks, you know the global economy could be in trouble. (May 18)

MORE TOPICS: CHINA, HSBC, LEHMAN BROTHERS, MANUFACTURING, RETAIL SALES, RETAIL

Insight - Who got Facebook IPO shares? Fairness may not come into it

By Reuters UK

A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street. (May 18)

MORE TOPICS: LEHMAN BROTHERS, MORGAN STANLEY, WELLS FARGO, CALIFORNIA, FACEBOOK, RETAIL

Facebook wraps up IPO, set for big Friday pop

By Reuters UK

Facebook Inc is set to raise up to $18.4 (11.66 billion pounds) billion in its IPO and become the first U.S. company to be worth more than $100 billion at its debut, as investors bet on a big pop in the stock when it begins trading on the Nasdaq on Friday. (May 18)

MORE TOPICS: GENERAL MOTORS, CITIGROUP, BANK OF AMERICA, GOLDMAN SACHS, MORGAN STANLEY, MARK ZUCKERBERG

Insight: Who got Facebook shares? Fairness may not come into it

By Reuters

A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a deal handled by Wall Street. (May 17)

MORE TOPICS: LEHMAN BROTHERS, MORGAN STANLEY, WELLS FARGO, CALIFORNIA, FACEBOOK, RETAIL

Facebook IPO: How To Buy Stock Shares, But Why It's Okay If You Don't Succeed

By IBTimes

One of the biggest and most anticipated IPOs of the year, quite possibly the decade, is ready to hit Wall Street tomorrow, but if you're thinking about buying shares, you're not alone. Not in the least. If you're looking to get a piece of the stock, we're here to help you. (May 17)

MORE TOPICS: NINTENDO, CITIGROUP, BARCLAYS, DEUTSCHE BANK, GOLDMAN SACHS, JPMORGAN CHASE