by Patrick M. Kelly | Oct 25, 2011 | Wall Street
If the talk on the street is true that Morgan Stanley is the next takeover candidate, then will California-based Wells Fargo be a likely buyer? They acquired Wachovia, a small investment banking operation and have fared decently in the middle market and are the fourth...
by Patrick M. Kelly | Oct 20, 2011 | Job Market
With their market value down more than 53% since the start of 2011, Bank of America continues to focus on cutting expenses under CEO Moynihan’s plan, “Project New BAC,” which aims to cut $5 billion in annual costs by the end of 2013. So, the Oct. 13 announcement that...
by Patrick M. Kelly | Oct 19, 2011 | Financial Recruiting Industry
BofA’s Northwest region has hired more than 80 new advisors to serve their “preferred” customers with investable assets of between $50,000 and $250,000. The FSAs will provide guidance and solutions to help customers manage their banking and investment needs....
by Patrick M. Kelly | Oct 14, 2011 | Wall Street
[pullquote]The Company is looking for a buyer who will maintain the same culture that we have had.[/pullquote] Regions Financial Corp announced their intent to sell off their Morgan Keegan brokerage unit last June, and ever since rumors and speculations over who will...
by Patrick M. Kelly | Oct 12, 2011 | Financial Recruiting Industry
[pullquote]Recruiting will focus on institutionally-experienced financial advisors[/pullquote] Looking to grow their business with institutional clients, Bank of America Merrill Lynch has renamed its Institutional Consulting Group. An internal memo sent to employees...
