BofA Hires Caliendo to Manage Relationships with Hedge Funds
Bank of America Merrill Lynch has hired Tracy Caliendo as managing director and head of Americas Equity Hedge Fund Services, according to an internal memo.
Thu May 23, 2013
The Washington Post
Treasuries Rise as Investors Win Largest Share of TIPS Auction
Treasuries rose after investors won the largest share of 10-year inflation-indexed notes sold today at any auction since at least 2003 amid renewed debate over whether the Federal Reserve will slow monetary stimulus.
The New York Times
T Magazine: Food Matters | Steakhouse Art That Goes Against the Grain
The second floor dining area at new SoHo steakhouse Costata, with Nasser Azam's "Poppy," 2010, on display behind the tables.
Wed May 22, 2013
Home sales close in on three-and-a-half year high
Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington.
Tue May 21, 2013
Royalty Pharma Raises Elan Corporation PLC Bid to $12.50 a Share in Cash
Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today! Royalty Pharma, an investor in royalty streams from pharmaceuticals, raised its offer to buy Elan Corp.
Mon May 20, 2013
Fitch Upgrades LatAm Walkers Cayman Trust, Series 2006-101
Fitch monitors the performance of the underlying risk-presenting entities and adjusts the rating accordingly through application of its current credit-linked note criteria, 'Global Rating Criteria for Single- and Multi-Name Credit-Linked Notes' dated Feb.
Sun May 19, 2013
An adviser's adviser invigorates UBS
When Robert Mulholland took the job of leading the U.S. financial adviser force at UBS AG in the fall of 2009, the Swiss bank's wealth management operation was in shambles, losing money, losing assets and losing a lot of advisers.
Fri May 17, 2013
Aberdeen Sounds Alarm as Asia Bond Growth Soars: Credit Markets
The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market , raising concern that investors are lowering their standards as they seek to take advantage of the region's relatively high yields.
Thu May 16, 2013
Investing in women's network, Sallie Krawcheck goes from advocacy to action
Sallie Krawcheck is buying the 85 Broads women's network and plans to expand the group's empowerment goals by linking female-owned businesses with capital.
Wed May 15, 2013
Deutsche Bank names head of wealth in Americas
Deutsche Bank AG said on Wednesday it has named Jerry Miller to run the German bank's asset and wealth management business in the Americas.
Tue May 14, 2013
Interview With Ethan Harris: Further Slowing In Summer, 20% Chance Of Recession In Next Year
Economist Ethan Harris is managing director and co-head of global economics at Bank of America Merrill Lynch.
Mon May 13, 2013
Brokers Go Gray as Youth Unsustainable Without Cold Calls
Alex Freemon was so eager to be a stockbroker after graduating from the Georgia Institute of Technology last year that he said he was happy to go door to door selling mutual funds for Edward Jones & Co.
Wall Street is back
FOR a few tense weeks in 2008, as investment-bank executives huddled behind the imposing doors of the New York Federal Reserve, Wall Street seemed to be collapsing around them.
Sun May 12, 2013
What to Eat at Costata, Michael White's Italian Steakhouse
When Michael White opens his Italian steakhouse, Costata, later this week, it will be a homecoming of sorts: It was at this very Soho triplex that White made his New York debut eleven years ago as chef of Fiamma and first met Ahmass Fakahany, the Merrill Lynch bigwig who would become his partner.
Local Stocks 5/12/2013
The bank's stock closed at $13.02 on Friday, up 5 percent for the week. It was the bank's highest closing price since April 13, 2011.
Sat May 11, 2013
Merrill Lynch & Co., Inc. Files Quarterly Report on Form 10-Q
Merrill Lynch & Co., Inc. informed its security holders that its Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 has been filed with the U.S. Securities and Exchange Commission on May 10, 2013.
Fri May 10, 2013
LSE Said to Hire Schwieger From Bank of America as Equities Head
London Stock Exchange Group Plc hired Brian Schwieger from Bank of America Corp.'s Merrill Lynch unit, three people with knowledge of the plans said.
Margin Debt and the Next Stock Market Crash
The latest fear on Wall Street is that record levels of margin debt may end up toppling the stock market rally.
Treasury Yields Climb to Five-Week High as Demand Wanes
Treasuries fell, with 10-year note yields climbing to the highest level in six weeks, as signs the U.S. economy is improving amid central-bank monetary stimulus sapped demand for U.S. debt.
Analysis: New York may have to drop claims against BofA over Merrill
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG ( The 2010 case, one of the highest profile lawsuits brought by Andrew Cuomo when he was New York attorney general, accuses Bank of America and former top executives Ken Lewis and Joseph Price of misleading shareholders about ... (more)