CEO Stan O'Neal

May 23 (Bloomberg) -- Bill O'Neill, chief investment officer for Europe, Middle East and Africa at Merrill Lynch Wealth Management, talks about Greece's future in the euro, bank recapitalization and European bond markets. He spoke May 21 with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)Read Full Story

May 23 (Bloomberg) -- Bill O'Neill, chief investment officer for Europe, Middle East and Africa at Merrill Lynch Wealth Management, talks about Greece's future in the euro, bank recapitalization and European bond markets. He spoke May 21 with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)Read Full Story

The intraday price for Merrill Lynch & Co. Inc. S&P 500 Market Index TargetTerm Securities has moved above its 200 period 30 minute moving average of 19.87. MITT is near 19.94 bucks now. The general trend in MITT has been down recently. Presently, it is below the near-term support price of $19.97. Other stocks to watch – these are correlated with Merrill Lynch & Co. Inc. S&P 500 Market Index TargetTerm Securities: Coal Futures {Jul 14} (QLN14) with a correlation of 97.9% Coal Futures {Aug 14...Read Full Story

NEW YORK (Reuters) – The multimillion-dollar signing bonuses that big brokerages are doling out to recruit elite brokers may seem excessive, but internal reports from Merrill Lynch show why firms are willing to pay top dollar for a top broker. Nearly 46 percent of the revenue received by Merrill Lynch’s Global Wealth Management unit last year came from just 21 percent of its top-producing brokers, about 2,500 people, according to copies of the reports reviewed by Reuters. … Continue Reading...Read Full Story

(Reuters) - The Wall Street Journal said Bank of America Corp could end up paying hundreds of millions of dollars in a settlement following talks with lawyers representing more than 1,000 former Merrill Lynch & Co brokers, who left the brokerage firm after BofA acquired it in 2009. The brokers claim they are owed deferred compensation as a result of the deal. The paper said an arbitration ruling ordering the Charlotte, North Carolina-based bank to pay more than $11 million to two former...Read Full Story

(Reuters) – The Wall Street Journal said Bank of America Corp could end up paying hundreds of millions of dollars in a settlement following talks with lawyers representing more than 1,000 former Merrill Lynch & Co brokers, who left the brokerage firm after BofA acquired it in 2009, The brokers claim they are owed deferred compensation as a result of the deal. The paper said an arbitration ruling ordering the Charlotte, North Carolina-based bank to pay more than $11 million to two former...Read Full Story

NEW YORK (Reuters) – Santa – or scrooge – has come early for advisers at Bank of America Merrill Lynch and Morgan Stanley Smith Barney. Advisers at the two firms have started to find out how many Facebook IPO shares they are getting, just hours before the social media company is expected to price its initial public offering, according to advisers and clients at the firms. Merrill advisers had until 3 p.m. EDT (1900 GMT) to allocate shares to clients, two advisers said. … More here: Merrill...Read Full Story

NEW YORK (Reuters) - Advisers at Bank of America Corp's Merrill Lynch brokerage unit and Morgan Stanley Smith Barney have started to find out how many Facebook IPO shares they are getting, just hours before the social media company is expected to price its initial public offering, according to advisers and clients at the firms.Read Full Story

Well, it's been quite a while since I posted to this blog. And with good reason! I battled it out for a long time. I was struggling in the Financial Services industry for a few years. I picked a great time to try and market life insurance, IRA's, etc. People in this Country have often been face with the decision: life insurance vs. food. Guess what wins? Well, I figured it was high time to accept things for what they were, and reinvent. I took a long, hard look at what I was qualified to do...Read Full Story

(Reuters) - The Wall Street Journal said Bank of America Corp could end up paying hundreds of millions of dollars in a settlement following talks with lawyers representing more than 1,000 former Merrill Lynch & Co brokers, who left the brokerage firm after BofA acquired it in 2009, The brokers claim they are owed deferred compensation as a result of the deal. The paper said an arbitration ruling ordering the Charlotte, North Carolina-based bank to pay more than $11 million to two former...Read Full Story