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Business News

Thain to head investment banking, wealth at BofA

reuters.com
Oct. 2, 2008
NEW YORK (Reuters) - John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm's sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company -- at least for now.
Related Stories from UPI.com
Thain to take Bank of America post

Thain to take Bank of America post

NEW YORK, Oct. 2 (UPI) -- Bank of America Corp. said Thursday it was reserving a top position in the company for Merrill Lynch Chairman and Chief Executive Officer John Thain.

Bank of America acquires Merrill Lynch

CHARLOTTE, N.C., Sept. 15 (UPI) -- U.S. retail banking giant Bank of America says it acquired ailing Wall Street financial firm Merrill Lynch in a $50 billion stock deal.

Write-downs still rife at Merrill Lynch

NEW YORK, April 17 (UPI) -- U.S. finance giant Merrill Lynch lost $1.96 billion in the first quarter, including $9.4 billion in write-downs, the company reported Thursday.

Merrill Lynch reports $10B quarterly loss

NEW YORK, Jan. 17 (UPI) -- Wall Street giant Merrill Lynch, latest victim of the credit crisis, reported a fourth quarter net loss of nearly $10 billion Thursday.

Report: Merrill mortgage losses bigger

NEW YORK, Jan. 11 (UPI) -- Merrill Lynch, the U.S. brokerage, has lost about $15 billion in mortgage investments, twice its first estimate reports said.

Merrill Lynch may receive cash infusion

NEW YORK, Dec. 21 (UPI) -- Merrill Lynch, facing additional write-downs because of poor performing U.S. mortgage notes, may be in talks with a Singapore firm about a cash infusion.

Reports: Merrill's O'Neal out after loss

NEW YORK, Oct. 29 (UPI) -- Merrill Lynch & Co. Chief Executive Officer Stan O'Neal was expected to be ousted following an $8.4 billion write-off, New York media reported.

Report: Merrill Lynch to dismiss chairman

NEW YORK, Oct. 28 (UPI) -- Merrill Lynch Chairman E. Stanley O’Neal may soon be dismissed by the U.S. investment banking group following a quarterly loss, a report said.

Report: Merrill Lynch head on thin ice

NEW YORK, Oct. 26 (UPI) -- The Merrill Lynch & Co. board is considering replacing chief executive E. Stanley O'Neal, The New York Times reported Friday.

Merrill Lynch buys First Republic Bank

SAN FRANCISCO, Jan. 29 (UPI) --

Merrill Lynch buying Petrie Parkman & Co.

NEW YORK, Oct. 23 (UPI) -- Merrill Lynch said Monday it will buy Petrie Parkman & Co., a Denver-based bank that has expertise in the energy business. The proposed deal would combine Merrill Lynch's investment banking capabilities with the specialized exploration and production ener

Merrill Lynch in big share repurchase

NEW YORK, Feb. 27 (UPI) --

PNC bags massive profit in BlackRock deal

PITTSBURGH, Feb. 15 (UPI) --

Merrill Lynch, BlackRock merging

NEW YORK, Feb. 15 (UPI) --

Merrill Lynch in talks with China broker

BEIJING, Dec. 29 (UPI) --
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