CEO Stan O'Neal

NEW YORK ( Reuters ) - The recent executive shakeup at Bank of America <BAC.N> followed by reports of massive layoffs at the bank may leave you wondering what the turmoil means for you - either as a client of the banking colossus and Merrill Lynch , the brokerage firm it owns, or as a shareholder. As experts ponder these moves - which include the departure of Sallie Krawcheck , head of the bank's wealth management unit and Merrill's public face - they see a rocky period in the days ahead for...Read Full Story

SINGAPORE ( Reuters ) - Singapore 's Temasek Holdings <TEM.UL> has hired a senior Bank of America-Merrill Lynch <BAC.N> investment banker, part of a reshuffling of the top dealmaking team at the state investor. Tan Chong Lee, BofA - Merrill Lynch 's Southeast Asia head of corporate and investment banking, was hired for the post of senior managing director and CIO-designate, sources with direct knowledge of the move told Reuters. A spokesman for Temasek, which manages about $160 billion...Read Full Story

NEW YORK (Reuters) - A former Merrill Lynch & Co banker lost an appeal on Friday of his conviction on perjury and obstruction charges over his role in an Enron Corp fraud that involved the sham sale of Nigerian power plant barges. James Brown, the former banker, alleged the government violated his right to due process by withholding evidence that could have exonerated him. But a three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans said the evidence at best might have...Read Full Story

NEW YORK ( Reuters ) - Bank of America Merrill Lynch <BAC.N> has recruited a former Morgan Stanley Smith Barney <MS.N> broker who brought in $1.8 million in revenue last year. Antonio "Tony" daRoza, who spent just over two years with Morgan Stanley, managed $600 million in assets. He has joined Merrill Lynch's San Francisco office. DaRoza, who specializes in executive compensation, was a registered adviser with Citigroup Global Markets Inc <CIGHO.PK> for 16 years before joining Morgan Stanley...Read Full Story

NEW YORK ( Reuters ) - Morgan Stanley's <MS.N> wealth management arm for the super-rich hired a former Merrill Lynch private banking executive, Devon Baranski , to lead its U.S. Southwest region, according to an internal memo obtained by Reuters. Baranski joins Morgan Stanley Private Wealth Management from Leerink Swann LLC , an investment bank specializing in healthcare companies, where he had been its wealth management head. He will be based in Los Angeles , according to the memo on...Read Full Story