Hints and tips:
...The company with the most advisers on the list is brokerage heavyweight Merrill Lynch, which has 90 advisers this year, up from 60 in 2015’s list....
...That came the day after BofA’s acquisition of Merrill Lynch closed. Mr Thain then launched a plan to reduce headcount in investment banking, capital markets and research by almost 40 per cent....
..., previously part of Merrill Lynch....
..., and Bank of America’s $50bn rescue offer for Merrill Lynch....
...As Monday would reveal, Bank of America was quietly doing a deal to buy Merrill Lynch, Lehman’s bigger rival, whose chief executive, John Thain, had been part of the New York talks....
...Americans have savings concentrated in equities, generally in vehicles (such as 401(k) pension plans) whose value is very transparent....
...Jake Zamansky, a lawyer who negotiated an early settlement from Merrill Lynch in the scandal over skewed investment bank research, has filed an arbitration claim against Bear Stearns alleging the firm misled...
...The employee services division, now headed by Abigail Johnson, saw record inflows last year and its growth is outpacing that of the overall 401(k) market. The group administers 14,000 401(k) plans....
...Citigroup, the US broker, took advantage of the buoyant conditions to sell 16.6m shares on behalf of a client at 670p each....
...Bankers at Merrill Lynch and lawyers at Cahill Gordon will be overseeing the auction on behalf of Engelhard....
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