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...Similarly, bankers at UBS, Citi and Merrill Lynch told me in 2008 that one reason why the dangers around repackaged subprime mortgage loans were ignored was that these instruments had supposedly safe triple-A...
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...Tikehau’s two founders, Mathieu Chabran and Antoine Flamarion, formerly of Merrill Lynch and Goldman Sachs, were aged only 28 and 31 when they set it up in 2004, with only €4mn in assets and vocal ambitions...
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...At Bank of America’s wealth and investment management arm, which includes the brokerage Merrill Lynch, it rose 50 per cent in the three years to June 2022....
...its value....
...She brought along clients including Rodriguez when she joined JPMorgan from Bank of America’s Merrill Lynch division in 2020 and set up shop at JPMorgan Advisors, as the old Bear operation is now known....
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