SEC hits Merrill Lynch with $2.5M fine

NEW YORK, March 14 (UPI) -- New York-based Merrill Lynch has been fined $2.5 million by the Securities and Exchange Commission for sloppy handling of critical e-mail.

Merrill Lynch in big share repurchase

NEW YORK, Feb. 27 (UPI) -- New York-based Merrill Lynch & Co. Inc. said Monday its board authorized share repurchases of as much as $6 billion.

Merrill Lynch, BlackRock merging

NEW YORK, Feb. 15 (UPI) -- Merrill Lynch is merging its investment management business with BlackRock Inc. for a big ownership stake in the New York bond manager.

Merrill Lynch: Fuel costs to hit airlines

NEW YORK, March 18 (UPI) -- U.S. investment firm Merrill Lynch predicted Friday that airlines will see $5 billion in losses this year, CBSMarketwatch.com reports.

Merrill Lynch in talks with China broker

BEIJING, Dec. 29 (UPI) -- Chinese brokerage Huaan Securities said Wednesday it is in talks with New York's Merrill Lynch to set up an investment banking venture.

Enron jury begins deliberation in Houston

HOUSTON, Oct. 28 (UPI) -- Jury deliberation began Thursday in the Houston trial of six former Enron and Merrill Lynch employees on charges of conspiracy and wife fraud. They are charged in an alleged scheme to inflate the profit sheet of the Houston energy company.

Merrill Lynch buys unit of Entergy

NEW YORK, Sept. 2 (UPI) -- Merrill Lynch & Co. of New York Thursday acquired the energy trading businesses of Entergy-Koch LP, a venture of Entergy Corp. of New Orleans.

Re-indictment for Houston executives

HOUSTON, June 23 (UPI) -- A federal grand jury in Houston has returned a new indictment against four ex-Merrill Lynch and two ex-Enron executives in a 1999 deal.

Investors bullish on emerging markets

NEW YORK, June 22 (UPI) -- Merrill Lynch of New York said Tuesday institutional investors are showing signs of turning more bullish toward emerging market equities.

NASD fines former Merrill Lynch analyst

WASHINGTON, May 25 (UPI) -- Financial watchdogs said Tuesday they fined a former managing director at Merrill Lynch, $225,000 and suspended him from the industry for one year.

NYSE fines Merrill Lynch $625,000

NEW YORK, May 13 (UPI) -- Merrill Lynch was fined $625,00 Thursday by the New York Stock Exchange for failing to supervise its employees.

Merrill doubles Q1 profits from 2003

NEW YORK, April 13 (UPI) -- First-quarter earnings at securities firm Merrill Lynch, based in New York, increased 95 percent from 2003, the New York Times reported Tuesdays.

Merrill Lynch says no bank merger planned

NEW YORK, Oct. 30 (UPI) -- Merrill Lynch sought Thursday to put the brakes on talk about a possible bank merger.

Enron grand jury issues sealed indictment

HOUSTON, Sept. 17 (UPI) -- A Houston Enron grand jury issued a second-sealed indictment that may charge several former Merrill Lynch employees, the Houston Chronicle reported.

Judge halts 2nd Merrill Lynch lawsuit

NEW YORK, July 2 (UPI) -- The same federal judge who Tuesday dismissed class-action claims against Merrill Lynch & Co. also dismissed a similar lawsuit Wednesday filed against a Merrill
Page 5 of 6
Merrill Lynch
A Bank of America branch is seen on 23rd Street and Broadway in New York on September 15, 2008. Bank of America agreed to buy Merrill Lynch for about $44 billion in a mega-deal on September 14, 2008. (UPI Photo/Laura Cavanaugh)

Merrill Lynch & Co., Inc. is a global financial services firm owned by Bank of America now known as Bank of America Merrill Lynch. The firm was acquired by Bank of America under distressed circumstances during the 2008 Financial Crisis. This article describes both the historical Merrill Lynch and its ongoing operations as a subsidiary of the bank. Merrill Lynch provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related financial services worldwide. Merrill Lynch is headquartered in New York City, and occupies the entire 34 stories of the Four World Financial Center building in Manhattan. On September 14, 2008 Bank of America announced its intention to acquire Merrill Lynch for Bank of America common stock. Under the terms of the agreement Merrill Lynch shareholders receive 0.8595 shares of Bank of America stock. Shareholders of both companies approved the acquisition on December 5, 2008 which took effect January 1, 2009.

The company was founded on January 6, 1914, when Charles E. Merrill & Co. opened for business at 7 Wall Street in New York City. A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. At that time, the firm's name included a comma between Merrill and Lynch. In 1916, Winthrop H. Smith joined the firm.

In its early history, Merrill, Lynch & Co. made several successful investments. In 1921, the company purchased Pathé Exchange, which later became RKO Pictures. In 1926, the firm made its most significant financial investment at the time, purchasing a controlling interest in Safeway, transforming the small grocery store into the country's third largest grocery store chain by the early 1930s. Following this investment, the company further increased its investment banking focus by transferring its retail brokerage services to E.A. Pierce.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Merrill Lynch."
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