Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
W S
Lending / The Ticker

Bank of America dissolves Merrill Lynch unit

money zipper
/ Print / Reprints /
| Share More
/ Text Size+

According to Bloomberg, Bank of America (BAC) is dissolving Merrill Lynch & Co. and keeping only the brand name just four years after acquiring it.

Bank of America, the second-biggest U.S. lender by assets, is simplifying its structure after CEO Brian Moynihan’s predecessor bought Merrill Lynch in 2009. Merging the legal entity could help Moynihan hit his $8 billion-a-year cost-cutting target and comply with regulators who want to make the biggest banks easier to resolve in a crisis.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus