By Chris Prentice (Reuters) -Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges ...

The Securities and Exchange Commission has charged two registered investment advisor units of Wells Fargo and Merrill Lynch with compliance failures relating to their cash sweep programs.

Bank of America’s wealth management division, which includes Merrill Lynch and the company’s private bank, saw core financial metrics rise in 2024, including net income of $4.3 billion ...

According to the SEC’s orders, Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep programs as the only cash sweep option for most advisory clients and received a significant ...

Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were profitable for the companies, the SEC said. Merrill Lynch and two units of ...

“Wells Fargo Advisors and Merrill Lynch offered bank deposit sweep programs, or BDSPs, as the only cash sweep option for most advisory clients and received a significant financial benefit from ...

The cause of death for lauded and experimental filmmaker David Lynch has been revealed. Lynch, who was behind such films as The Elephant Man, Blue Velvet, Mulholland Drive and the seminal ...

Building on this legacy of innovation, LG did the unthinkable yet again with the announcement of the first-ever transparent OLED TV in the world in 2024. LG's see-through 77" TV with 4K UHD ...

Merrill (personal) is out for Friday's game against the Wizards. Merrill won't play Friday for personal reasons, and his next chance to suit up for the Cavaliers arrives Monday against Minnesota.

Come on Merrill Edge. Give some readily available instructions. Bank of America bought Merrill Lynch in 2008, and Merrill Edge launched in 2010 to streamline services for existing Bank of America ...