Hostile EU bank M&A raises risk of winner’s curse
Launching an unwelcome takeover of a rival bank used to be a sign of dangerous excess. These days, it seems to be the most ...
Advisor13d
Banks settle OTC bond class action
In the U.S., three banks — Bank of America, HSBC and Deutsche Bank — reached a US$95.5-million settlement of the investor ...
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Wells Fargo, Merrill Lynch, LPL settle SEC charges
Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...
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Merrill Lynch Brings More Wealthy Clients to Its Fee-Based Advisory Program
Merrill alone closed the year with $3.6 trillion ... net new households in the fourth quarter. Bank of America reported that 62% of Merrill Lynch clients have a banking or lending relationship ...
MarketWatch20d
SEC Settles Charges Against Bank of America, Wells Fargo Units
The Securities and Exchange Commission settled charges against units within Bank of America and Wells Fargo that will ... and Wells Fargo Advisors Financial Network as well as Merrill Lynch, Pierce, ...
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Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges
A spokesperson for Bank of America, which owns Merrill Lynch, said the firm took "significant steps" to address the issue before learning of the SEC's investigation. Merrill Lynch was also one of the ...