News

Daniel C. Sontag, chief of Bank of America’s newly-acquired wealth management division (i.e. Merrill Lynch), fielded some tough questions Monday from miffed Merrill Lynch financial advisors.

That fancy corporate jet Citi ordered a few years back for 2009 delivery? Cancelled.

Pity working in the Citigroup public relations office—or being a Citi executive.

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

The folks at Raymond James have something to smile about—for now.

B/D RIAs have come under fresh scrutiny post Madoff.

John Thain, former CEO of Merrill Lynch and the man who engineered the sales of the storied Wall Street firm to Bank of America in September, is leaving the combined firm "immediately," according to a report from CNBC.

Citigroup, which reported a whopping $8.29 billion fourth-quarter loss on Friday, should take a harder look at its balance sheet.

Everybody knows that Citigroup announced yesterday it was putting itself out of its misery.

It wasn't my job, man.