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Merrill Lynch Reverses Broker Fiduciary Rule Policy

Sep 5 2018 // Bank of America Corp.’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with Obama-era regulation. In response to...

Allstate, Merrill Lynch End $167 Million Mortgage Suit

Apr 9 2014 // Allstate Corp. and Bank of America Corp.’s Merrill Lynch unit agreed to end a lawsuit by the insurer over $167 million in mortgage-backed securities as the second-largest U.S. lender continues to resolve litigation...

Merrill Lynch Reaches $160 Million Settlement in Black Advisers’ Bias Suit

Aug 28 2013 // Bank of America Corp.’s Merrill Lynch unit agreed to pay $160 million to settle a discrimination lawsuit filed by black financial advisers, a lawyer for the plaintiffs said. The case, filed in 2005, was brought on...

Bank of America Wins Dismissal of Suits Over Merrill Lynch

Mar 30 2011 // A Manhattan federal judge dismissed two lawsuits seeking to force Bank of America Corp. to sue former Merrill Lynch & Co. executives and directors over losses in mortgages and other risky debt. The ruling was issued...

Merrill Lynch Sued Over Costly New Orleans Stadium Bond Issue

Jan 30 2009 // The Louisiana Superdome authority in New Orleans has filed suit against Merrill Lynch over a $238 million stadium bond issue that exploded in interest costs after the market for government securities dried up last...