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By Michael Flaherty HONG KONG, Nov 11 (Reuters) - Merrill Lynch's head of investment banking for all of Asia, Damian Chunilal, has left the firm, a memo obtained by Reuters said on Tuesday, the second top level shake-up in the last two months at Merrill's Asia group. Merrill spokesman Rob Stewart confirmed that Chunilal had left, although he did not give a reason nor indicate who would replace him. The memo indicates that the departure was abrupt, as Chunilal says he has already left Merrill. 'I am leaving the firm today. I wanted to thank you all for your support and hard work over the last five years in Pac Rim,' he says in the email, signed Damian. Sheldon Trainor, Merrill's head of Asia investment banking, excluding Japan and Australia, stepped down from day-to-day responsibilities of the division in September to assume a new role, a
in Banking
via Quote.com Hong Kong @ 4:38 11th Nov
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The Federal Reserve Board on Wednesday announced its approval of the notice of Bank of America Corporation, Charlotte, North Carolina, to acquire Merrill Lynch & Company, Inc., New York, New York, and thereby indirectly acquire Merrill Lynch Bank & Trust Co., FSB, New York, New York; Merrill Lynch Bank USA, Salt Lake City, Utah; and Merrill Lynch Yatirim Bank A.S., Istanbul, Turkey.
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via Bank Info Security @ 3:40 29th Nov
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HONG KONG, Nov 11 (Reuters) - Merrill Lynch's (MER.N: Quote, Profile, Research, Stock Buzz) head of investment banking for all of Asia, Damian Chunilal, has left the firm, a memo obtained by Reuters said on Tuesday, the second top level shake-up in the last two months at Merrill's Asia group.
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via Yahoo! Singapore @ 10:32 11th Nov
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UBS finds Hellenic Petroleum’s third quarter earnings broadly in line, while it likes the management’s commitment to refinery upgrades. Also, Merrill Lynch feels that the refiner had a healthy operating performance which was overshadowed by severe currency losses. Hellenic’s reported bottom-line was 12% below Merrill’s estimates.
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via Reporter.gr @ 3:58 14th Nov
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LONDON, Nov 27 (Reuters) - A top banker has been recruited from Merrill Lynch to handle the sale of Britain's investment of up to 28 billion pounds ($43.2 billion) in a trio of banks, the company set up to manage the holdings said on Thursday. UK Financial Investments (UKFI), set up to manage the government's shareholding in Royal Bank of Scotland, Lloyds TSB and HBOS, named John Crompton as head of market investments. Crompton will be responsible for devising and executing a strategy for selling the stakes when appropriate. He joins from Merrill, which he joined last year as managing director and head of equity capital markets for EMEA. He has 20 years' experience of capital markets and was previously at Morgan Stanley, and spent two years on secondment to the UK Treasury from 2005 to 2007.
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via ADVFN India @ 12:29 27th Nov
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Nov 7 (Reuters) - Bank of America Corp announced the leadership of its global markets unit following the closing of its purchase of Merrill Lynch & Co, according to an internal memo obtained by Reuters. Current Merrill Lynch executive Thomas Montag is overseeing the unit.
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via Interactive Investor International @ 9:16 8th Nov
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HONG KONG - Merrill Lynch's head of investment banking for all of Asia, Damian Chunilal, has left the firm, a memo obtained by
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via Business Spectator @ 4:37 11th Nov
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A top banker has been recruited from Merrill Lynch to handle the sale of the government's investment of up to 28 billion pounds in a trio of banks, the company set up to manage the holdings said on Thursday. Skip related content
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via Yahoo! UK and Ireland @ 21:39 27th Nov
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LONDON: A top banker has been recruited from Merrill Lynch to handle the sale of the government's investment of up to 28 billion pounds in a trio of banks, the company set up to manage the holdings said on Thursday.
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via International Herald Tribune @ 12:29 27th Nov
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LONDON (Reuters) - A top banker has been recruited from Merrill Lynch to handle the sale of the government's investment of up to 28 billion pounds in a trio of banks, the company set up to manage the holdings said on Thursday.
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via Reuters UK @ 12:29 27th Nov
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MEXICO CITY -(Dow Jones)- Barclay's Global Investors said Wednesday the local brokerage houses of Merrill Lynch (MER) and Grupo Financiero Monex will act as market makers for its Mexico-based exchange traded funds.
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via Easy Bourse @ 14:51 26th Nov
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TOKYO, Nov 5 (Reuters) - Panasonic (6752.T: Quote, Profile, Research, Stock Buzz) has picked Merrill Lynch & Co (MER.N: Quote, Profile, Research, Stock Buzz) and Japan's Nomura Holdings (8604.T: Quote, Profile, Research, Stock Buzz) to advise on its bid for Sanyo Electric (6764.T: Quote, Profile, Research, Stock Buzz), several people familiar with the matter said.
in Gadgets
via Reuters @ 5:23 5th Nov
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LONDON, Nov 27 (Reuters) - A top banker has been recruited from Merrill Lynch to handle the sale of Britain's investment of up to 28 billion pounds ($43.2 billion) in a trio of banks, the company set up to manage the holdings said on Thursday.
in Banking
via Interactive Investor International @ 12:28 27th Nov
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LONDON, Nov 27 (Reuters) - A top banker has been recruited from Merrill Lynch to handle the sale of Britain's investment of up to 28 billion pounds ($43.2 billion) in a trio of banks, the company set up to manage the holdings said on Thursday.
in Banking
via Reuters India @ 12:29 27th Nov
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(AGI) - New York, 11 Nov. - Merrill Lynch president John Thain claims that the economy is looking at a crisis equal to that of the great depression of 1929. "At present the US economy is rapidly shrinking. We are looking at a global slowdown that will affect all those in global markets. This is not a crisis like those of 1987 or 1998 or 2001. The contraction will be much greater. We have to go back to 1929 to find a similar slowdown". Speaking of those who thing that growth in emerging economies will be able to keep growth rates untouched despite the slowdown in advanced economies, he said that "No absorption is possible. All the equity markets are interconnected. Each single economy will be affected by the crisis in some degree".
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via AGI Online @ 16:42 11th Nov
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Bank of America has named top business heads for the combined institution to come via its merger with Merrill Lynch and has taken more than half of the dozen appointments from the soon-to-be former investment bank.
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via Wealth-Bulletin.com @ 1:30 14th Nov
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BBVA shares drop 5.3 percent after Merrill Lynch downgrades the Spanish bank to "underperform" from "neutral" and Fitch Ratings cuts its outlook for BBVA's Mexican unit.
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via Interactive Investor International @ 4:36 11th Nov
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Marshall & Ilsley Corporation to Present at the Merrill Lynch Banking & Financial Services Investor Conference
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via MarketWatch @ 16:36 6th Nov
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HELSINKI (Reuters) - Shares in the world's top cellphone maker Nokia Oyj (NOK1V.HE: Quote, Profile, Research, Stock Buzz) rose on Monday, bouncing after Friday's gloomy outlook statement and helped by recommendation upgrades from Merrill Lynch and WestLB.
in Mobile Technology
via Reuters @ 9:46 17th Nov
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Wells Fargo & Company (WFC) said today that Chief Financial Officer Howard Atkins is scheduled to deliver a presentation at the Merrill Lynch 2008 Banking & Financial Services Conference in New York on Thursday, November 13, at 8 a.m. Eastern Time.
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via Houston Chronicle @ 20:33 7th Nov
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SAN FRANCISCO - (Business Wire) Wells Fargo & Company (NYSE:WFC) said today that Chief Financial Officer Howard Atkins is scheduled to deliver a presentation at the Merrill Lynch 2008 Banking & Financial Services Conference in New York on Thursday, November 13, at 8 a.m. Eastern Time.
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via Earthtimes.org @ 20:34 7th Nov
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(RTTNews) - Bank of America Corp. (BAC) announced Wednesday that it has received approval from the board of the Federal Reserve System for its proposed $50 billion takeover of Merrill Lynch & Co. Inc. (MER).
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via Quote.com United States @ 23:35 26th Nov
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The Federal Reserve on Wednesday gave formal approval to Bank of America's acquisition of Merrill Lynch, the Wall Street icon battered by the housing and credit crisis.
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via The Age @ 18:10 26th Nov
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WASHINGTON: The Federal Reserve on Wednesday gave formal approval to Bank of America's acquisition of Merrill Lynch, the Wall Street icon battered by the housing and credit crisis.
in Banking
via Times of Oman @ 12:36 29th Nov
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