Tag:
Global Banks
Latest Headlines
Latest Headlines
Merrill Lynch gains as Bank of America flags
Not too long ago, Bank of America's $50 billion all-stock bailout purchase of Merrill Lynch in 2008 seemed like another albatross around the neck of CEO Brian Moynihan. But as of late, Merrill Lynch has thrived as an investment bank.
The New York Times reports that, "Measured by fees colle
Is it time to break up big banks?
Over the past few years, we've sporadically heard calls from analysts and bank shareholders that big banks should consider some profound breakups as a way to unlock shareholder value. With many banks trading well below book value and even the likes of JPMorgan and Goldman Sachs trading at about th
Citi to combine commercial and investment banking
There was a day, long ago when anti-trust regulators thought it wise to separate investment banking from commercial banking. But in the modern era, the idea seems quaint. According to media reports, Citi is creating a new unit that would officially combine the two disciplines. For many clients, th
Thain to stay at Bank of America
The CEO merry-go-round has been in overdrive in the financial securities industry. John Thain, who was brought on as CEO of Merrill Lynch to a lot of fanfare, looked like he would be another short-termer after he was essentially forced by events into a deal with Bank of America. Some speculated he
Can Lehman Brothers be saved?
Richard Fuld, CEO of Lehman Brothers , remains convinced that the firm is on a track to recovery. More specifically, he's convinced the bank has the right business model to regain its former luster. But few people share such a rosy view. In the aftermath of its second quarter earnings announcem
