John Aidan Byrne

Bank of America named general counsel Brian Moynihan, an executive well versed in legal and business principles, to replace John Thain.

On Monday, Bob McCann, a popular Merrill veteran who led the firm’s 16,850-person “thundering herd” of brokers, resigned.

As nervous retail investors, spooked by Wall Street's fading fortunes, started seeking a safer haven for their money in recent months and the potential to juice returns with seemingly no downside risk many were lured...

A secondary market has popped up for retail investors who want out of auction-rate securities–now. Are the deals worth it? That depends.