TITLE

Bullish: BofA Integrates Merrill Lynch's Herd

AUTHOR(S)
Hintze, John
PUB. DATE
October 2009
SOURCE
Securities Industry News;10/19/2009, Vol. 21 Issue 22, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Case Study
ABSTRACT
The article presents a case study of the Bank of America's integration of Merrill Lynch's brokerage business. In September 2008, Merrill's stock price drops, along with the other big Wall Street firms. On September 15, 2008, the Bank of America (BofA) agrees to buy Merrill Lynch for 50 billion U.S. dollars or 29 U.S. dollars a share and on January 1, 2009, the acquisition closes. During the first quarter of 2009, Merrill executives and BofA made decisions about integrating the brokerage.
ACCESSION #
45024726

 

Related Articles

  • Business Journal List in Flux Amid Major Brokerage Buys. Beighley, Dan // Orange County Business Journal;10/13/2008, Vol. 31 Issue 41, p27 

    The article discusses the ranking of largest stockbrokerages of "Business Journal" in Orange County, California. It is stated that Merrill Lynch & Co. exceeds in 2008 list of top stockbrokerages while Bank of America Corp. is number four. Wells Fargo Investments LLC also stands to make a big...

  • Decision Soon on Merrill. Moulo, Paul // National Mortgage News;3/16/2009, Vol. 33 Issue 24, p1 

    The article reports on the anticipated decision of the Bank of America Corp. (BoA) regarding the mortgage units of Merrill Lynch & Co. in the U.S. These units include two large subprime servicing companies and a Florida-based division that caters to Merrill's wealthy brokerage customers. It...

  • Crisis may reshuffle city's star stockbrokers. Andrews, Greg // Indianapolis Business Journal;9/29/2008, Vol. 29 Issue 30, p4A 

    The article reports on the impact of the financial crisis on biggest-producing stockbrokers in Indianapolis, Indiana. It highlights the turmoil of Merrill Lynch & Co.'s $50 billion sale to Bank of America Corp., as well as the reorganization of other big businesses. It discusses the idea of...

  • Merrill Lynch: bought by Bank of America.  // MarketWatch: Global Round-up;Nov2008, Vol. 7 Issue 11, p124 

    The article reports on the negotiation of a buyout by Bank of America for $50 billion by brokerage firm Merrill Lynch in the U.S. Its share price had fallen by $90 at the beginning of 2007 as a result of the disclosures and general anxiety in the markets. It is said that Merrill Lynch narrowly...

  • In Hindsight.  // Investment Dealers' Digest;10/30/2009, Vol. 75 Issue 41, p5 

    The article reports on the merger of financial institutions, namely, Bank of America Corp. (B of A) and Merrill Lynch & Co. in order to develop wealth management products in the U.S. It mentions that B of A have introduced its first product which uses the investment capabilities of Merrill and...

  • Merrill Lynch to be folded into BofA.  // Inside Tucson Business;8/23/2013, Vol. 23 Issue 12, p4 

    The article reports on the plan of Bank of America Corp. to dissolve the Merrill Lynch and Co. subsidiary, but will continue use the Merill Lynch brand for its retail brokerage and investment bank.

  • House lawmakers to continue BofA - Merrill Lynch probe. Brush, Silla // Hill;10/6/2009, Vol. 16 Issue 113, p4 

    The article focuses on the plan made by the House lawmakers to continue their investigation on the controversial deal between Bank of America Corp. and Merrill Lynch & Co. in the U.S.

  • Merrill Launches Clearing Division.  // American Banker;9/24/2010, Vol. 175 Issue F337, p15 

    The article reports on a 2010 announcement from Bank of America Corp., in which the bank indicated that its Merrill Lynch & Co. division has started a division to handle customers' futures and derivatives trading.

  • Merrill's Reorg Upsets Planned International Changes. Chapelle, Tony // On Wall Street;Jan2003, Vol. 13 Issue 1, p26 

    Reports that Merrill Lynch & Co. Inc. is rethinking a plan that would have had its overseas brokers hand off smaller clients to call centers. Number of non-U.S.-based brokers that would be affected by the change; Comments from one broker affected by the transfers; Comments from New Yorker...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics