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Merrill Lynch and Co News

News on Merrill Lynch and Co (Ticker: MER) continually updated from thousands of sources around the net.

14 min ago | PE Hub

VTTI rolls out IPO

VTTI has launched its IPO of 17.5 million shares at $21 per share. The stock began trading Friday on the NYSE under the ticker symbol "VTTI."

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Related Topix: Banking, JP Morgan Chase , Financial Services, CitiMortgage, Citigroup, Insurance, Credit Suisse Group, Investment Services, Wells Fargo

4 hrs ago | The Washington Post

Bonds Show Strain as Best Rally Since ?97 Wilts: Credit Markets

Bond bears who retreated amid the biggest rally in the global fixed-income market since 1997 are starting to sense vindication.

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Related Topix: Financial Markets, Financial Services, Investment Services, Business News

Thu Jul 31, 2014

Bloomberg

Record Rally Revived With Least Issuance Since 2001: Muni Credit

The rally in the $3.7 trillion municipal market is picking up momentum, extending an unprecedented streak of gains as issuance sputters to the slowest pace in 13 years.

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Related Topix: Financial Services, Investment Services, Mutual Funds, Personal Finance, New York

Wed Jul 30, 2014

Reuters

WRAPUP 6-U.S. economy back on track with strong second-quarter rebound

The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.

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Related Topix: Financial Services, Investment Services, Financial Markets

Reuters

Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

U.S. District Judge Jed Rakoff in Manhattan ruled after a jury last October found the second-largest U.S. bank liable for the sale by Countrywide of defective loans to government-controlled mortgage companies Fannie Mae , which was adopted after the 1980s savings and loan scandal and the basis for Bank of America's liability.

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Related Topix: Banking, Bank of America, Financial Services, Home, Mortgage, Personal Finance, US News, Investment Services

On Wall Street

UBS Discloses More Than $600M of Claims Filed by PR Investors

UBS is facing more than $600 million in damage claims filed by Puerto Rico investors in closed-end bond funds, the bank said in its second quarter earnings report Tuesday.

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Related Topix: UBS Financial Services, Financial Services, Investment Services, Santander BanCorp, Banking, Financial Markets

Seeking Alpha

CIT Group Expands And Lowers Cost Of Capital

CIT Group recently announced the purchase of OneWest, which doubles CIT's commercial bank to $28 billion in deposits and $67 billion in assets.

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Related Topix: CIT Group, Financial Services, Economics News, Bankruptcy, Mortgage, Personal Finance, Goldman Sachs, Investment Services, Cohen Group, Consulting

Bloomberg

BofA Names Ex-Mitsubishi UFJ Tie-Up Chief Tokyo Branch Head

Bank of America Corp. named Miwa Ohmori, the former chief executive officer of Merrill Lynch & Co.'

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Related Topix: Banking, Bank of America, Financial Services, Investment Services, 9, North Carolina

Tue Jul 29, 2014

Reuters

FOREX-Dollar gains on outlook for hawkish Fed, strong U.S. data

The U.S. dollar hit fresh eight-month highs against the euro on Tuesday and advanced against the yen and Swiss franc on expectations for positive U.S. economic data and a potentially more hawkish tone from the Federal Reserve.

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Related Topix: Financial Services, Investment Services, Financial Markets

Reuters

UBS Wealth Americas 2nd-quarter net falls despite record revenue

UBS Wealth Management Americas, the smallest of the four biggest U.S. brokerage firms, said on Tuesday its second-quarter pretax operating profit fell 3 percent as clients withdrew money and expenses jumped.

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Related Topix: UBS Investment Bank, Investment Banking, UBS Financial Services, Financial Services, Investment Services

Housing Wire

DOJ demands more in BofA, Countrywide deal

Despite already offering $13 billion to end the government's mortgage securities probe, the Department of Justice is demanding billions of more from Bank of America for the dealings of Countrywide Financial Corp. and Merrill Lynch & Co.

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Related Topix: US News, Home, Mortgage, Personal Finance, Banking, Bank of America, Financial Services, Investment Services

Mon Jul 28, 2014

My Rye

Rye's John Thain Once Again Too Big To Fail

Finance exec John Thain, whose sprawing estate in Rye spills into two neighboring towns , learned one very important lesson during the 2008 financial crisis: make sure you are Too Big to Fail .

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Related Topix: CIT Group, Financial Services, Investment Services

Sun Jul 27, 2014

Bloomberg

Former Goldman Options Trader Moonlights as Argentina Taxi King

After 23 years trading stock options at Goldman Sachs Group Inc., Merrill Lynch & Co.

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Related Topix: Goldman Sachs, Financial Services, Investment Services

The Wave

Carl M. Cannon: European courts invent right to be forgotten

The Court of Justice, a Luxembourg-based tentacle of the European Union, decreed recently that human beings have a solemn right to make mistakes without being pestered about them for the rest of their lives.

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Related Topix: Emerging Technology, Search Engines, Foreclosures, Financial Services, Investment Services, Hollywood (Los Angeles, CA), Los Angeles, CA

Sat Jul 26, 2014

MyBankTracker

How Wealthy Executives Still Remain Untouched by the Great Recession...

On the same day as the four-year anniversary of the Dodd-Frank bill - signed into law to make U.S. banks more stable and better capitalized - it was announced that CIT Group had purchased OneWest Bank for $3.4 billion.

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Related Topix: CIT Group, Financial Services, Home, Mortgage, Personal Finance, Investment Services

Thu Jul 24, 2014

MarketWatch

Australia stocks slip as port strike looms, gold falls

Australian stocks traded lower in early Friday moves, with miners weighing on the broader market due to a drop in gold prices and a possible strike at the key iron-ore terminals at Port Hedland.

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Related Topix: Australia, World News, Financial Services, Investment Services

Business News

Ex-Merrill Lynch chief cleared in trial over Madoff fraud

Former Merrill Lynch brokerage chief John "Launny" Steffens and his investment firm Spring Mountain Capital were cleared by a jury in a trial over a customer's losses in Bernard Madoff 's $17.5bn fraud.

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Related Topix: Financial Services, Investment Services

Tue Jul 22, 2014

Safehaven

Gold: If The Worst Is Over, What's Next?

A number of top bank economists have turned bullish on gold in the past few months.

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Related Topix: Financial Services, Investment Services, Financial Markets

Reuters

UPDATE 1-CIT to buy OneWest Bank to boost middle-market lending business

U.S. small-business lender CIT Group Inc said it would buy regional lender OneWest Bank NA for $3.4 billion in cash and stock, its second deal in two months to boost its middle-market lending operations.

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Related Topix: CIT Group, Financial Services, Investment Services, Banking, Bank of America, Mortgage, Personal Finance

Mon Jul 21, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

El dividendo es pagad... )--Le conseil d'administration de Schlumberger Limited a dA©clarA© aujourd'hui un dividende trimestriel de 0,40 USD par action ordinaire en circulation.

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Related Topix: August, CA, Gentiva Health Services, Kindred Healthcare, Healthcare Industry, Healthcare, Financial Services, Investment Services, Schlumberger, Energy, Oil & Gas

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