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MERRILL BROKERS FUME OVER PACKAGE$ (New York Post) There are signs that the comfortable relationship that the head of Merrill Lynch's massive brokerage operation has enjoyed for years is beginning to sour. Many brokers, increasingly bitter over retention packages offered by Bank of America as... O.C. brokers bet $2 million on luxury-home office (Orange County Register) It features a 40-foot-wide waterfall in the lobby and and specially commissioned artwork. Hotel Brokers International to Host Hotel Investor's Marketplace in Dallas, Texas, on November 5 (PR Newswire via Yahoo! Finance) Hotel Brokers International , the nation's largest hotel brokerage organization with more than 30 offices from coast to coast, today announced that it will hold the next US Hotel Investor's Marketplace program at the Crowne Plaza Dallas Market Center, in Dallas, Texas, on November 5. Why Bank of America has to Re-Hire Merrill's Brokers (Portfolio.com via Yahoo! Finance) I just had a very interesting conversation with a Merrill Lynch type who filled me in with much more information on the subject of those retention bonuses. The numbers: Bank of America wants Merrill's most profitable brokers. Ahead of the Bell: Insurance Brokers (AP via Yahoo! Finance) An analyst on Sunday added insurance brokers Marsh & McLennan Cos. and Aon Corp. to a top picks list while upgrading Brown & Brown Inc. and Arthur J Gallagher & Co. amid expectations for price stabilization. Parolee on lam in Wall St. scam (New York Daily News) The feds are searching for the Wall Street whiz kid who cooked up a $7 million insider trading scam that envisioned using strippers to seduce brokers for hot stock tips. Financial Crisis: Not Hitting Brokers (Portfolio.com via Yahoo! Finance) Just how parlous a state is Wall Street in right now? In one of the more encouraging signs I've seen of late, a fight is brewing at Merrill Lynch -- over the size of the "retention bonuses" that Bank of America is going to have to pay Merrill brokers in order to persuade them not to leave their own firm. ... Local insurance brokers set to merge (Fort Frances Times) Cousineau Brokers Inc. and Gillons? Insurance Brokers Ltd. announced this morning they will merge, effective Jan. 1. The company will operate under the name of Gillons? Insurance Brokers Ltd. and be located at Gillons? current location (326 Church St) The companies stressed the new business arrangement will not affect service to their current customers and, in fact, will ?allow them to offer ... Merrill, Bank of America Said to Clash Over Brokers (New York Times) They?re not even married yet, but Merrill Lynch and Bank of America are already fighting, The New York Post reported. Report: Merrill brokers unhappy with BofA retention offers (The Business Journal of the Greater Triad Area) A number of Merrill Lynch brokers are unhappy with the retention bonuses they?ve been offered and will leave Bank of America after the deal between the two companies closes, The New York Post reports. (BAC) (MER) |
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