Topic: Buyouts
Banks may shed private equity assets in Obama plan
Reuters US Online Report Top News
NEW YORK (Reuters) - U.S. President Barack Obama's plan to limit financial risk-taking could force banks, such as Goldman Sachs or JPMorgan, to shed parts of their private equity operations. Among the proposals, which require congressional approval, is that banks or financial institutions that own banks would not be ...
BofA's CEO Moynihan faces tough job in 2010
AP News
New CEO of Bank of America faces tests over Merrill Lynch purchase, appeasing regulatorsIn two weeks Brian Moynihan will take on what is sure to be the toughest job of his career: Running the nation's biggest bank. He's got a lot on his plate. As CEO of Bank ...
Merrill to pay Va. $425K to settle allegations
AP News
Merrill Lynch to pay Va. $425,000 to settle allegations of unregistered client associatesVirginia will receive $425,000 from Merrill Lynch to settle allegations that some of the firm's client associates in the commonwealth weren't registered. The State Corporation Commission said Wednesday that the settlement stemmed from a ...
Morgan Stanley hires ex-Merrill COO Fleming
Reuters US Online Report Business News
NEW YORK (Reuters) - Morgan Stanley <MS.N> said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes. Fleming -- one of the architects of Merrill Lynch & Co Inc ...
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