25 result(s) displayed (1 - 25 of 31):
Hugh Aird, former vice chairman of Merrill Lynch Canada, will head up merger and acquisition pursuits for American Lithium Minerals Inc., which has 100% mineral rights to 16,000 acres in Nevada's lithium-rich Montezuma Valley.Aird has also worked as vice chair for North America at Edelman Public Relations, director of business...
Posted on September 29, 2009 12:34 PM
When we talk about post-merger integration, the discussion often runs to culture or IT issues or tough marketing choices or plain old cost synergies. But what about post-merger brand integration? That's a task that touches on all those areas and other besides. Indeed, the branding decisions can be some of...
Posted on August 14, 2009 8:40 AM
In December, American Banker named Bank of America Corp. (NYSE:BAC) chief executive Ken Lewis Banker of the Year. Now, they don't know who's in charge and what kind of culture the bank is leaning toward. Of former Citigroup Inc. (NYSE:C) CFO and global head of wealth management Sallie Krawcheck's hire,...
Posted on August 7, 2009 10:01 AM
With advice from M&A veterans such as Merrill Lynch & Co.'s former COO of Americas investment banking, Colbert Narcisse, and Ken Kharbanda, AOL LLC's former head of corporate development, startup People Capital is looking to address a growing problem in the U.S. resulting form the economic crisis. The firm is...
Posted on July 1, 2009 8:39 AM
Bank of America Corp.'s (NYSE:BAC) integration of Merrill Lynch & Co. continues at pace, despite chief executive Ken Lewis' numerous treks to Capitol Hill, stress test results, high-level talent defections and other distractions. In an interview with American Banker, integration leader Brian Moynihan admits external pressures are adding to the...
Posted on June 29, 2009 10:28 AM
Bank of America Corp. (NYSE:BAC) chief executive Ken Lewis said Monday morning that the integrations of Merrill Lynch & Co. and Countrywide Financial are on track. His comments came as the bank released an encouraging first-quarter earnings report that showed profit of $4.2 billion, up from $1.2 billion during the...
Posted on April 20, 2009 8:55 AM
The healthcare industry is restructuring itself to reduce its reliance on blockbuster drugs while trying to gain a foothold in the generics market and the emerging markets. We've seen megamergers and bolt-ons, and there's more to come. New York boutique investment bank Centerview Partners LLC is right on top of...
Posted on April 15, 2009 12:47 PM
The flogging of Bank of America Corp. (NYSE:BAC) chief executive Kenneth Lewis over the acquisition of Merrill Lynch & Co. continues. Finger Interests Number One Ltd., which owns about one-fifth of 1% of BofA, has made its rally to oust Lewis and two other directors from the board official. In...
Posted on March 24, 2009 9:35 AM
Former investment banker and lawyer Gregory Byrnes has joined Carlson as senior vice president of corporate development. Carlson operates a number of travel, restaurant and marketing brands including Radisson, Regent, Park Plaza and Country Inn hotels; Carlson Wagonlit travel agency; and the T.G.I. Friday's restaurant chain. Byrnes most recently was...
Posted on March 18, 2009 1:05 PM
Despite the beating he's taken from lawmakers and shareholders, Bank of America Corp. (NYSE:BAC) chief executive Kenneth Lewis (pictured) remains bullish on the bank's $50 billion purchase of Merrill Lynch & Co. In an interview with his hometown paper, the Charlotte Observer, Lewis said he does not regret buying Merrill...
Posted on March 17, 2009 4:07 PM
Porsche SE CEO Wendelin Wiedeking likes to present himself as the bad boy of Germany's corporate culture. And the country's clubby financial types have been happy to let him do what he wants -- because it's always made them money.But now they're getting nervous -- if not annoyed --...
Posted on March 3, 2009 11:01 AM
Bloomberg has a story Friday on unrest among Merrill Lynch & Co. brokers, some of whom are rebelling against new owner Bank of America Corp. Retaining Merrill's investment bankers is a priority for BofA chief executive Ken Lewis, but as we've noted, blending Merrill's investment banking culture with BofA's...
Posted on January 9, 2009 11:08 AM
Now that Merrill Lynch & Co. shareholders have approved the firm's sale to Bank of America Corp., employees at both companies may finally get word on job cuts. BofA chief executive Ken Lewis told The Charlotte Observer on Thursday that the bank was "in the final stage of analysis" on...
Posted on December 5, 2008 9:58 AM
Speaking at The Deal's M&A Outlook 2009 conference in New York Tuesday, senior writer Matt Miller said: "I think you'd all agree the liquidity crisis is pretty much universal. With the ability to raise debt so impaired, what has been the creative response for those who want to get deals...
Posted on November 11, 2008 1:45 PM
With the current economic turmoil and countries focusing on rebuilding or fortifying, The Deal's Matt Miller asked at The Deal's M&A Outlook 2009 conference whether this is the end of cross-border deals.Steven Baronoff, managing director and head of global M&A at Merrill Lynch & Co., noted that "CEO confidence...
Posted on November 11, 2008 1:30 PM
Wells Fargo & Co. announced Tuesday it would lay off workers at its mortgaging service center in Fort Mill, S.C. While the bank says the layoffs reflect "the reality of the market," it's worth noting that Fort Mill is located just across the South Carolina border from Charlotte, N.C., home...
Posted on November 4, 2008 4:51 PM
I suppose it's not a shock that American Banker has named Kenneth D. Lewis (pictured) its 2008 Banker of the Year. In a year of financial implosions, the Bank of America Corp. chief executive does lead one of the few relatively stable financial giants. And as Lewis indicated in his...
Posted on October 27, 2008 2:36 PM
As Bank of America Corp. contemplates what will likely be a complex merger with Merrill Lynch & Co., the bank's integration of Countrywide Financial Corp. is well underway. BofA bought the failing mortgage giant in a $4 billion all-stock deal in July.In an interview with the bank's hometown paper, The...
Posted on October 21, 2008 3:40 PM
On Monday, Houston's Reliant Energy Inc. announced it would seek strategic alternatives to enhance stockholder value, which could mean a sale of all or parts of the business. One week ago, Reliant lowered its 2008 outlook to reflect the financial impact of Hurricane Ike and lower commodity prices in...
Posted on October 6, 2008 11:07 AM
Despite all the layoffs we've seen in banking, with more expected as industry consolidation continues, retaining talent is still a big issue for merging banks. That's particularly true for Bank of America Corp., whose chief executive Ken Lewis has said he's committed to keeping the high-producing brokers of newly acquired...
Posted on October 3, 2008 4:44 PM
We've been writing a lot over the past few months about laid-off investment bankers and the career options out there for them. But a conversation with David Carney, a principal with Deloitte Consulting LLP, offered a sobering assessment of what it's like for some of the thousands of rank-and-file employees still...
Posted on October 1, 2008 11:10 AM
The financial crisis has produced some wild mood swings in parts of Charlotte, N.C., also known as Banktown. As Yvette Kantrow observed Monday on Dealscape, first came the triumphalism over news that hometown titan Bank of America Corp. will buy New York-based Merrill Lynch & Co. Monday it was despair...
Posted on September 30, 2008 12:06 PM
With all the talk of layoffs on Wall Street, it's a pleasure to read about efforts to retain banking talent. That's what we found in Wenesday's Charlotte Observer, the hometown newspaper of Bank of America Corp. We've been checking the paper's Web site occasionally since news broke about BofA's $50...
Posted on September 17, 2008 2:14 PM
Casualties of the latest tectonic shifts on Wall Street brought on by Lehman Brothers Holdings Inc., Barclay plc, Bank of America Corp. and Merrill Lynch & Co. will be thrust into a job market saturated with finance talent. Tens of thousands of bankers are looking for work, making for unprecedented...
Posted on September 17, 2008 1:53 PM
It sounds cold to say so, but earthquakes mean work for architects, carpenters and plumbers. Likewise, the tectonic shifts now reshaping the world of finance are creating opportunities for some folks. Bankruptcy and restructuring experts are one group that's obviously going to be busy for a while. Another such group...
Posted on September 17, 2008 10:32 AM
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