Merrill Lynch Reported Ready to Dismiss Head
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The board of Merrill Lynch has reached a consensus that E. Stanley OâNeal will not remain chairman, according to people briefed on the discussions.
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Mac Gardner, a senior brokerage  executive at Merrill Lynch & Co Inc , is leaving the  company, Merrill said on Friday.
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Jeffrey Greenberg, chairman and chief executive of embattled insurance broker Marsh & McLennan Cos. , is expected to step down within hours, a newspaper reported on Friday, citing people close to the discussions.
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Directors of the brokerage firm have begun to consider whether to replace the embattled E. Stanley OâNeal, and with whom.
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Merrill Lynch is expected to report that it will add to its announced write-downs, a person briefed on the plan said.
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Mac Gardner, a senior brokerage executive at Merrill Lynch & Co Inc , is leaving the company, Merrill said on Friday.
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NEW YORK -- The Securities and Exchange Commission is considering recommending charges against a Citigroup executive whose departure was announced this week, the financial-services giant said Friday.
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Merrill Lynch  is expected to suffer $15 billion in losses stemming from soured mortgage investments, almost twice the company's original estimate, the New York Times reported on Friday.
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CHICAGO (CBS.MW) -- Jeffrey Greenberg may step down as early as Monday as chief executive of Marsh &amp; McLennan, the insurance broker accused of rigging bids by New York Attorney General Eliot Spitzer, according a media report Sunday.
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NEW YORK -- Stan O'Neal, the beleaguered chief executive of Merrill Lynch & Co., was reportedly close to resigning Sunday amid broad criticism for leading the world's largest brokerage to its biggest quarterly loss since it was founded 93 years ago.
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As Merrill Lynch & Co Inc's   board deliberates the fate of Chairman and Chief Executive Stan  O'Neal, a leading contender for the job on Sunday said he is  not aware of being a candidate.
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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Futures on benchmark equity indexes  were in the red before Wall Street's opening on Wednesday, with  eyes on Merrill Lynch  after media reports of bigger  write-downs than the brokerage has flagged.
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Merrill Lynch & Co Inc  faces a $1.5 billion third-quarter loss on its fixed-income business, driven by $4 billion in asset write-downs connected to leveraged loans and mortgages, a Goldman Sachs analyst said on Wednesday.
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Merrill Lynch & Co Inc  board members are considering whether to replace Chief Executive Stan O'Neal after he oversaw record losses and discussed a merger with a rival U.S. bank without their knowledge, according to people familiar with the situation.
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Merrill Lynch & Co Inc  Chief  Executive John Thain on Wednesday expressed confidence in the  company's core set of businesses, but analysts continue to  worry that more large write-downs are looming.
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Merrill Lynchâs board of has begun to contact top Wall Street executives about replacing the embattled E. Stanley OâNeal.