Morgan Keegan Financial Advisors Fear Acquisition by a Large Firm

Regions Financial Corp announced their intent to sell off their Morgan Keegan brokerage unit last June, and ever since rumors and speculations over who will acquire this close-knit brokerage whose roots date back to 1969 have been the talk on the street and inside Morgan Keegan. Blackstone Group and Stifel Financial Corp have been cited [...]

BofA Merrill Lynch Creates New Direction for Institutional Business

Looking to grow their business with institutional clients, Bank of America Merrill Lynch has renamed its Institutional Consulting Group. An internal memo sent to employees by Managing Director Thomas McAuliffe, announced that Global Institutional Consulting would be the new direction which reflects the global institutional products and services that clients now expect, including international research [...]