09/08/2011

Bofa to maintain Merrill broker pay structure

The move seeks to dispel any concern among advisers, and speculation among outsiders, that Darnell might shift the pay of brokers to a salary and bonus format, in which compensation could be awarded based on management discretion.

08/18/2011

Lehman shelves asset management plan

Lehman Brothers Holdings Inc will not turn its asset management unit into a long-term business after creditors of the bankrupt investment bank objected.