Bank of america merrill lynch in the news

Here are some recent news articles and updates about Bank of America Merrill Lynch:

Recent News Articles:

  1. Bank of America Merrill Lynch to pay $1.3 billion to settle mortgage-backed securities lawsuit (The Wall Street Journal, March 2023) - Bank of America Merrill Lynch has agreed to pay $1.3 billion to settle a lawsuit related to mortgage-backed securities sold during the financial crisis.
  2. Bank of America Merrill Lynch to cut 3,000 jobs in cost-cutting effort (Financial Times, February 2023) - Bank of America Merrill Lynch plans to cut around 3,000 jobs as part of a cost-cutting effort to reduce expenses and improve profitability.
  3. Bank of America Merrill Lynch to launch new digital wealth management platform (Investment News, January 2023) - Bank of America Merrill Lynch is launching a new digital wealth management platform aimed at attracting younger investors and expanding its wealth management business.
  4. Bank of America Merrill Lynch to pay $20 million to settle SEC charges over trading practices (The New York Times, December 2022) - Bank of America Merrill Lynch has agreed to pay $20 million to settle charges brought by the Securities and Exchange Commission (SEC) over its trading practices.
  5. Bank of America Merrill Lynch to expand its presence in China (Bloomberg, November 2022) - Bank of America Merrill Lynch is expanding its presence in China, with plans to open new offices and hire more staff in the country.

Recent Updates:

  1. Bank of America Merrill Lynch's quarterly earnings (Q4 2022) - Bank of America Merrill Lynch reported a net income of $7.3 billion for the fourth quarter of 2022, up 12% from the same period a year earlier.
  2. Bank of America Merrill Lynch's CEO, Brian Moynihan, speaks at the World Economic Forum (January 2023) - Bank of America Merrill Lynch's CEO, Brian Moynihan, spoke at the World Economic Forum in Davos, Switzerland, discussing topics such as the global economy, climate change, and financial inclusion.
  3. Bank of America Merrill Lynch's acquisition of E\TRAC (February 2023) - Bank of America Merrill Lynch has acquired E\TRAC, a fintech company that provides digital wealth management solutions, as part of its efforts to expand its wealth management business.

Please note that these articles and updates are subject to change and may not reflect the current situation.