Bank of America Merrill Lynch shuts European power, gas desk
(Reuters) – Bank of America Merrill Lynch has closed its European power and gas desk following low demand for power and gas hedging and regulatory changes, a company spokesperson said on Tuesday. “The...
View ArticleBAML says Barclays’ US ex-Lehman business should go it alone
A note is doing the rounds from analysts at Bank of America Merrill Lynch. It suggests it might be time for Barclays’ ex-Lehman bankers in the U.S. to unpick the deal done by Bob Diamond in 2008, to...
View ArticleProof that improved performance is no shelter from redundancy
Investment banks are cutting staff again. With the exception of Barclays, the redundancies at Deutsche Bank and Bank of America are more trimming than wholesale axe swinging. However, if BoA follows...
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