Bank of America Merrill Lynch is close to agreeing a $16-$17bn settlement over its handling of mortgage-backed securities in the run up to the financial crisis, according to reports.
Global fund managers have become significantly more confident on the outlook for growth, according to a survey by Bank of America Merrill Lynch.
Concerns over a potential end to US quantitative easing saw global fixed income markets slump in May, but further sudden sell-offs may be less likely.
Prolonged low inflation has sent commodities allocations among fund managers to a four-year low, according to a survey.
The man tasked with selling off the government's stake in Royal Bank of Scotland (RBS) and Lloyds Banking Group (Lloyds) has quit.
Bill O'Neill has left Merrill Lynch Global Wealth and Investment Management to join UBS.
Old Mutual Global Investors' (OMGI) Stewart Cowley believes the so-called ‘great rotation' into equities from fixed income is not occurring on a cash level, despite suggestions to the contrary.
Merrill Lynch's chief investment officer Bill O'Neill has advised investors to steer clear of government bonds, saying they will only offer value in a double-dip environment.
The Financial Services Authority (FSA) has fined a former managing director at Merrill Lynch International for disclosing inside information about Punch Taverns prior to its 2009 rights issue.