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The head of New York investment firm Merrill Lynch's global wealth management said the company is ready to break out of the doldrums.
Bank of America chief executive Ken Lewis faces significant opposition heading into this week's shareholders meeting in Charlotte, N.C., observers say.
Bank of America Chief Executive Officer Ken Lewis said U.S. officials "instructed" him to keep quiet about the bank's purchase of Merrill Lynch.
New York has expanded a probe of Merrill Lynch's compensation policies issuing subpoenas to employees who were given a total of $3.6 billion in bonus pay.
New York state officials served Bank of America Chief Executive Officer Ken Lewis with a subpoena to probe into the bank's bonus pay policy.
Former Merrill Lynch top executive John Thain resigned from Bank of America after a quick meeting in New York with his new boss, a bank spokesman said.
Bank of America Corp. Wednesday announced plans to eliminate 650 more positions, adding to the 3,000 jobs lost last year.
Here is a look at more of Monday's top business stories:
Here is a look at more of Tuesday's top business stories:
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