Merrill Lynch
Thain takes helm at CIT
US financial services firm CIT has recruited former Merrill Lynch chief John Thain as chairman and chief executive officer. Thain takes over from Peter Tobin who had been acting as interim CEO for the firm, which provides finance to small businesses and middle market companies. Tobin will stay on...
Daiwa appoints head of structuring for Asia
Japanese investment bank Daiwa Capital Markets has appointed Edouard Hoepffner as head of structuring for Asia excluding Japan, a newly created position. Hoepffner, who will be based in Hong Kong, will...
JP Morgan and Nomura join Source
Source, the London-based exchange-traded fund (ETF) provider, has added JP Morgan and Nomura as partners, enabling it to better deliver on the promises it has made, Source says. Launched in April last...
SEC logs new complaint in Merrill bonus case
WASHINGTON, DC – The US Securities and Exchange Commission (SEC) has filed an updated complaint in its court case against Bank of America (BofA) for misleading its shareholders over the Merrill...
Jubilee unveils BofA as new credit for income product
Jubilee Financial Products has launched two structured investments, including a new income product issued by Merrill Lynch, part of Bank of America. The Regular Income Plan is designed to pay 1.625...
Lifetime achievement award - Anshu Jain
Anshu Jain sounds relaxed at the end of 2009. “The system is recovering and confidence has been restored,” he tells Risk. Equally, he is certain Deutsche Bank and the capital markets business...
New CEO for Bank of America
Brian Moynihan will replace Ken Lewis as chief executive of Bank of America on January 1. Moynihan, who is currently president of consumer and small-business banking, was elected to the top role by...
Voldstad named as new Isda chief
The International Swaps and Derivatives Association has named industry veteran Connie Voldstad as its new chief executive, replacing Robert Pickel. Voldstad will take over at the end of November, with...
Cox transfers to Barclays Wealth
Mitch Cox has reappeared as managing director and head of Barclays Wealth's global investment and product office. Based in New York, Cox reports to chief executive Thomas Kalaris. Cox was previously...
Federal Judge blocks Bank of America-SEC Settlement
NEW YORK - A judge is refusing to allow Bank of America (BoA) to settle with US regulators over charges it misled investors about Merrill Lynch's bonus payments. The planned settlement between BoA...
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