Bank of America Merrill Lynch

The Latest Bankers To Hear Bad Bonus News

The Huffington Post | Bonnie Kavoussi | Posted 03.27.2012

As Wall Street adjusts to a less profitable chapter in its history, bankers may be finally feeling the pain that many American workers have known for ...

Wall Street Job Cuts May Hurt National Labor Market

Posted 12.22.2011

As Wall Street traders cheered positive jobs data on Thursday, they seemed to ignore layoffs and bonus cuts on their own trading floors that will ...

Big Bank To Slash Thousands Of Jobs

Posted 11.16.2011

Citigroup Inc may cut "slightly more" than 3,000 jobs, becoming the latest U.S. bank to eliminate positions, a source familiar with the matter sai...

Federal Reserve Looks To Support Economy With Less Drastic Measures

Posted 11.14.2011

(Mark Felsenthal) - The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on lo...

Goldman Cuts Growth Forecasts On Weak Consumer Spending

Posted 09.17.2011

Goldman Sachs has cut its forecast for U.S. second-quarter growth to 1.5 percent from 2 percent, citing weak consumer spending. The downgrade f...

Jobless Claims Down As Labor Market Could Be Picking Up

Posted 07.19.2011

WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering hope the labor market...

'The Truth Behind The Jobless Recovery': Startups Can't Find Funding

The Huffington Post | William Alden | Posted 05.25.2011

Even as the nation lacks the jobs to employ millions of workers, one crucial source of job-creation is being squelched: New businesses, which, accordi...

FBI Looking Into BofA-Merrill Deal

Charlotte News-Observer | Posted: Saturday, Sep. 19, 2009 | Posted 05.25.2011

The FBI in Charlotte and the U.S. Justice Department are among the multitude of agencies investigating Bank of America Corp.'s acquisition of Merrill ...

POLL: Did The Fed Cover Up The BofA Merrill Lynch Deal?

Posted 05.25.2011

Federal Reserve Chairman Ben Bernanke is testifying before Congress today where he will be grilled on Bank of America's acquisition of Merrill Lynch. ...

Merrill Lynch Trading Inquiry: Hundreds Of Millions Possibly Lost

New York Times | LOUISE STORY and ERIC DASH | Posted 05.25.2011

CHARLOTTE, N.C. -- One Merrill Lynch trader apparently gambled away more than $120 million in the currency markets. Others seemingly lost hundreds of ...

Bank Of America Buys Merrill Lynch For $50 Billion

AP | MADLEN READ | Posted 05.25.2011

NEW YORK — Merrill Lynch's shotgun sale to Bank of America will create the nation's largest financial services company _ one that some believe i...