Merrill Lynch

loan in fact. Merrill Lynch participated in the scheme to defraud purchasers of Enron securities and helped company to raise billions of dollars from investing public. In addition, Merrill Lynch was encompassed in structuring, creating and helping to finance of Enron fraud- the LJM2 partnership. They created “unusually attractive investment opportunity”, as Fastow had access to Enron’s information and he would do his best in order to have achieved to superior returns. Merrill Lynch was obtaining

of this situation was Robert Knapp, who , seeking to leverage Merril Lynch from top position came up with the name and focused on client service as their key point. By the end of 1995, Merrill Lynch had attained fourth position due to its program of Supernova that placed the emphasis on achieving superior customer satisfaction. The Case Merril Lynch's stride to success has been extraordinary. Started in 1907, Merril Lynch epitomized the motif of "bringing Wall Street to main Street". In the

TOBs are synthetically created short-term tax exempt instruments. A TOB sponsor will buy a portfolio of fixed rate, long term municipal bonds with ratings between AA-AAA and combine them with an interest rate swap to create short term tax exempt floating rate bonds. The tax-exempt status creates a high level of demand particularly from investors who seek tax exempt cash flow as a source of annual income and revenue. The buyers of TOBs are for the most part money market mutual funds. Money market

Bank of America (BOA) is a multinational banking and financial services corporation, headquartered in Charlotte, North Carolina. The History of BOA starts in 1904 when Amadeo Pietro Giannini opened the Bank of Italy in San Francisco. In 1930 it merged with Bank of America of California, and that is when it gained its name. In 1968 this Corporation was organized in Delaware as a holding company for Bank of America National Trust and Savings Association and other financial subsidiaries. In1983 BOA

Bank of America in the 2008 Financial Crisis – An Even Bigger Financial Giant Suffered Losses and Lawsuits from Risky Behavior Summary of Bank of America in the Financial Crisis As one of the largest banking holding companies, Bank of America has taken a significant role during the whole process of the financial crisis. Compared with financial institutions whose business focused on specific fields, like investment banks or mortgage companies, Bank of Along got involved in activities

I chose to job shadow one of the best financial advisory groups in Illinois called, the Mitchell-Miller Group out of Merrill Lynch. I have always been intrigued about what my mother does everyday, and not only her, but the rest of the great team that she gets to work with everyday. I have been going into my mom's office since I was a little boy and it was very interesting to figure out what she finally does on a daily basis. After spending the day with the Mitchell-Miller Group, I think being a financial

make these actions purely ethical or responsible. (findlaw.com) If Stewart did indeed receive a call on 27 December 2001 informing her that Waksal was attempting to unload all of his stock held with Merrill Lynch & Co., there is no doubt that information was received in violation of Merrill Lynch regulations. Simply receiving that information is not an irresponsible act in itself, but the actions taken once that information was received are what are in question. Lying about receiving the information

The Downfall of the Subprime Mortgage Market During the housing boom, the subprime mortgage market enhanced the revenues of lenders, investment bankers and investors alike. While some knew the trend would come to an end many did not. When the housing bubble burst and home prices declined the effect on those involved was enormous, financial institutions who originally had low debt to equity ratios, soon found themselves on the cusp of bankruptcy. Housing Bubble Due to the U.S. Governments relaxed

business landscape. A major merger for the company, with Merrill Lynch, was originally thought to be surrounded around some

The 2008 financial crisis was the worst economic disaster since the Great Depression of 1929, despite efforts by the Federal Reserve and Treasury Department. Housing prices fell 31.8 percent, more than during the Depression. Two years after the recession ended, unemployment was still above 9 percent (Amadeo, 2017). House pricing began to fall in 2006; which was actually an indicator of the economic challenges. According to www.thebalance.com in 2007, the Federal Reserve began pumping liquidity into