More Gossip, Rumor & Fact On BofA / Merrill Lynch
More in BUSINESS NEWS
back-up- The Phone Call
- Last Chance To Register Free For Episode 10 Of 'Amazing Grace'
- £1,000 Bespoke Suit Competition - The Winner
- Top Firm On H1N1 Flu Alert
- Aversion To Risk May Affect Top Firm's Second-Quarter Profits
- World's 'Dumbest' Bank Gets Caught Again
- Average Comp This Year At Top Firm Estimated At $700,000
- Fears That Madoff May Be 'Taken Out' By Fellow Inmates
- Click Here To Register For Free News E-Mail Alerts
- Take Part In A British TV Documentary
- Worldwide M&A League Table - First Half 2009
- M&A - Who's Topping The Charts Around The World ?
- Global Debt & Equity League Tables - First Half 2009
- Investment Banker To ..... - Episodes 1 - 9
- Highly-Placed Professional's Summer Market Wrap
- Suspended Trader Pleads For His Job - E-Mail
- Bailed Out Banks - The Ten Commandments
- Bernie Madoff - What The Smart (And Not-So-Smart) Money Says
- Will He Or Won't He ? - Top Firm Boss Mulls Base Pay Rises
- Bernie Madoff's Court Confession - Transcript
- An Amazing Document On Madoff Said To Have Been Sent To SEC In 2005
- Madoff On The Stock Market (Video)
- The Day Bernie Madoff Dropped His Trousers
- 22-Year-Old Fired Trainee Trader Bags $33m In 12 Months
- Missing Banker Found Dead
- Top Firm Now Seen As Real Threat To Goldman
- Tops CEOs Said To Be 'Billy-No-Mates'
- Top Firm Rocked By 'Massive, Premeditated Raid'
- Brothers Jailed For Blackmailing Smitten Banker
- Firm's Getting Used To Being Sued Over Bonuses (Or Lack Of 'Em)
- Bernanke's Statement To Congress On BofA / Merrill Deal
- Tragedy Strikes Financial District Again
- City Banker Missing - With His Shotguns
- And Now For Something Completely Silly
- Wanted - More Staff
- Another Top Firm Said Raising Base Salaries
- Hedge Fund Managers Twitter To Gain Advantage
- Top Firm On Road To Recovery - Faxes Work & Fridges Clean
- Bankers Give The Fing.r - (Spoof)
- Selfish, Mean-Spirited, Arrogant People Destroyed My Firm
- Talk Of Bumper Bonuses At Year-End May Be Premature
- Look Who's Hiring Now
- My Boss Lets Me Work For Free!
- Has Pandit Been Eating All The Pies ?
- The 'City Oscars' - The Results
- Anyone For Tennis ? Bailed Out Bank Spends $493,000
- Top Firm May Be On The Move
- Mistress Gets 8 Years For Murder Of Banker She Loved
- Execs Wanted To Buy Merrill Lynch Back
- What Does A 23 Stone Woman Look Like ?
Related Content
- Revealed - Lifting The Lid On The BofA / Merrill Merger (23/04/2009)
- Bernanke's Statement To Congress On BofA / Merrill Deal (25/06/2009)
- BofA CEO Ken Lewis's Merrill Congressional Testimony (11/06/2009)
- 'Merrill Lynch Left Us On The Streets' (12/04/2009)
- Execs Wanted To Buy Merrill Lynch Back (19/06/2009)
- Investor Takes BofA Fight To Internet (08/04/2009)
First up, Charlie Gasparino has been writing for The Daily Beast, and opining on the relationship between former Merrill CEO John Thain and Bank of America boss Ken Lewis. And, so the rumors go, things are hotting up. Lewis is said to be miffed that Thain has implied that he is in pole position to succeed him, and hinted that, at 61, Lewis might have not much longer to serve. The BofA boss is also thought to be concerned that Thain doesn't appear to be able to get on with his executive team - both Greg Fleming (who headed up investment banking) and Bob McCann (the top man over at the brokerage unit) announced last week that they were stepping down. Both are thought to have issues with Thain's management style, and some say that they quit the organisation primarily because of him.
And worse, rumors abound that Lewis doesn't even like Thain. Interesting times ahead, then, in BankofAmericaMerrill land.
Finally, Bloomberg reports that BofA told employees Tuesday that that it intends to call its brokerage business 'Merrill Lynch Wealth Management', and will continue to use Merrill's 'bull' logo. BofA said that the brand name and logo decisions were taken after extensive customer and potential customer research.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
Press here to comment on this story >>
Today in Life: The Weekend - Red, White and a Little Blue >>
