Friday 18 April 2014
 
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Merrill Lynch

BoA completes Merrill Lynch merger

Bank of America (BoA) has announced that it has completed the merger of its Merrill Lynch & Co subsidiary into Bank of America Corp. Bank of America previously stated that it was considering merging Merrill Lynch & Co dire

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Investors confident in global growth despite China doubts

Global investors remain confident in the outlook for economic growth despite their sharp loss of faith in China, according to the Bank of America Merrill Lynch Fund Manager Survey for July. A net 52 per cent of respondents now exp

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Bahrain 'to post 2.9pc growth next year'

Bahrain should achieve economic growth of 2.4 per cent this year and that should rise to 2.9 per cent next year, said investment bank Merrill Lynch in its outlook for 2013. That is against a rise of global growth from 3.1 per cent to 3.

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Bank of America pays $2.4bn to settle Merrill claims

Bank of America Corp has agreed to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch & Co at the height of the financial crisis. The settlement, among

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Bahrain's economy to grow 2.4pc next year

Bahrain's economy is likely to grow from two per cent this year to 2.4 per cent next year on the back of government investment, said the chief investment officer of Merrill Lynch Wealth Management. But across the GCC and in spite of st

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25 firms attend IR conference in Saudi

A total of 25 leading Saudi companies attended a conference held by Middle East Investor Relations Society (ME-IR) and Merrill Lynch Saudi Arabia in Riyadh this week. The conference focused on greater dialogue with Tadawul listed companies

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Brent crude oil ‘could spike to $175 in 2012’

Brent crude oil futures could spike up to as high as $175 per barrel briefly next year if the global oil market stays tight, Bank of America Merrill Lynch said on Wednesday. The bank's research team said in a note that the North Sea benchm

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Merrill Lynch launches programme for UHNWs

Merrill Lynch Wealth Management on Wednesday launched its annual global investing programme for the next generation of Ultra High Net Worth clients (UHNW) from Europe, the Middle East and Africa region. The five-day programme, which has ru

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Merrill Lynch names UAE market manager

Merrill Lynch Wealth Management has appointed Ahmed Barakat as United Arab Emirates (UAE) Market Manager with effect from July 25. Barakat will be based in Dubai, reporting to Tamer Rashad, head of Middle East, Merrill Lynch Wealth Managem

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Mideast HNWIs wealth surges to $1.7trn

The Middle East witnessed one of the biggest growth in high net worth individuals (HNWIs) population which surged by 10.4 per cent to 440,000, and their combined wealth increasing by 12.5 per cent to $1.7 trillion, said a report. The

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