More Gossip, Rumor & Fact On BofA / Merrill Lynch
More in BUSINESS NEWS
back-up- Top Firms Finally Hit By H1N1 Threat
- Top Firm Caught Out By Rogue Traders
- 'It's Not As If They Paid Great Bonuses In The First Place!'
- Top Firm Chain Letter
- Sisters Are Doing It For Themselves
- Dear All - 'I Am Not Interested' In Bank of America Job
- Bank of America, BNP Paribas, Goldman, JPMorgan, Galleon Group
- Old Traders Never Die - The Seance
- Click Here To Register For Free News E-Mail Alerts
- Speculation Mounts About Goldman's Bonus Plans
- Top Boss Tells Church Crowd 'Profit Is Not Satanic'
- Your Views On Bonuses (Poll Results)
- Bank of America 'Is Not A Monarchy'
- Bankers Will Have The Last Laugh On Pay
- 'There Aren't Many People Who Think Charlotte Is A Major Financial Center'
- Top Firm Delivers 'Another Big Disappointment'
- Bank Of America CEO Poll - Incredible Result
- Scruffy Civil Servant Warns Tax Dodgers
- BofA Said To Have Got Another Turn-Down
- Interview With Bernie Madoff
- Top Firm Dismisses Talk Of Further $10bn Writedown
- The Average British Soldier
- Top Firm Puts More Aside For Staff Compensation
- Firms On Alert As Insect 'Infestation' Crashes PC Networks
- Register Now For Free 'Old Traders Never Die' Updates
- Secretary Geithner's Written Testimony On Reform Of Financial System
- ISITC Europe Successfully Introduces New Operating Structure
- Dumb & Dumber - Incredible Details About Lehman Weekend Revealed
- The Cityboy Column
- The Man Bank of America Should Hire As CEO (But Won't)
- Goldman Needs To Give Away $1bn
- Top Firms Said To Have Lost $400m On Hedge Fund
- H1N1 Flu - Have You Got It ? (Quick Test)
- H1N1 Bank Call Center Transcript (You Couldn't Make It Up)
- 'It's Just No Fun Anymore!'
- Top Firm CEO Says He Won't Poach Staff From Rivals
- 'I Hate Recruitment Consultants' - Reader Comments
- Bohemian Bankruptcy
- 'I Hate Recruitment Consultants'
- Mack Attack - The Moment Big John Hit Back
- Compliance Training ? 'The Biscuits Were Good'
- Banker, Hire Thyself
- IT Recruitment - The Smart Way
- And Wall Street's Top Athlete Is...........
- John Mack On Saving Morgan Stanley
- Bankers Taught How To Be Killing Machines
- Banks Given Five More Days To Justify Bonuses
- Billionaire Madoff Investor Found Dead In Swimming Pool
- Top Bailed-Out Execs Averaged $18m Each In 2008
- The Vic Daniels Column - 26/10/09
Related Content
- Merrill Staff Applaud At Least One BofA Initiative (04/09/2009)
- BNY Mellon, Barclays, BlackRock, BofA / Merrill, Deutsche, Jefferies, State Street (21/10/2009)
- FBI Said To Be Investigating Merrill Lynch Acquisition (21/09/2009)
- Merrill Lynch Claims 'Recruiters' Hatched 'Nefarious Plot' (16/09/2009)
- BofA Said To Have Got Another Turn-Down (02/11/2009)
- BofA Succession - Candidate List Is Underwhelming (02/10/2009)
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.
