Items Tagged with 'Banc of America Securities'


  • Goldman Sachs to revamp operations after 4Q earnings

    Goldman Sachs [stock GS][/stock] is making certain changes to its business segments, commencing with its earnings release for the fourth quarter of 2010. The revamp will be effective concurrent to the earnings report, being issued on Jan. 19, 2011, according to a filing Tuesday with the Securities and Exchange Commission. Essentially the investment bank will switch its operations from three distinct business segments to four.
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  • UK Eyes Financial Reform on Global Crisis

    The financial crisis felt so keenly in the US housing market and broader economy has become a global ailment -- and necessitates a global remedy -- according to a report on the British government's plans for financial market reform. "The world economy has been hit by a severe financial crisis, resulting in the worst global economic downturn for over 60 years," writes the Chancellor of the Exchequer Alistair Darling in an executive summary of the paper.
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  • 62% of Fund Managers See Green Shoots

    The upturn in global investor sentiment withstood the recent large sell-off in bonds, according to the Merrill Lynch Survey of Fund Managers conducted for June and released this week. A net 62% of respondents said the world economy will likely improve in the next 12 months, 5% more than in May. Just 7% of the panel said the world will go through recession in 2010, down sharply from 38% in May and 70% in April.
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  • Thain Replaced Just Hours after Stepping Down from BofA

    In a matter of hours, John Thain -- who stepped down Thursday from his position as president of global banking and wealth-management at the newly combined Bank of America Corp. [stock BAC][/stock] and Merrill Lynch & Co. -- was replaced by Bank of America's General Counsel Brian Moynihan.
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