RJ and Makay

http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/537321header_1.jpg http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/963038header_2.jpg http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/981787header_3.jpg http://www.rjandmakay.com/components/com_gk2_photoslide/images/thumbm/923473header_4.jpg

RJ & Makay Say
Most Read

RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Tom Montag

Krawcheck and Price out at Bank of America

Posted by RJ and Makay on Sep 06, 2011

>> Read More RJ & Makay Blog Posts

Bank of America shook up its top management on Tuesday as the firm continues to struggle with a low stock price and growing legal issues. The bank announced the departure of wealth management division head Sallie Krawcheck and consumer banking leader Joseph Price.

Bank of America sells its remaining Blackrock shares to Blackrock

Posted by RJ and Makay on May 23, 2011

>> Read More RJ & Makay Blog Posts

Bank of America is selling its remaining 7% stake of Blackrock to Blackrock for $2.5 billion. Blackrock is buying the stake, 13.6 million shares, at 187.65 a share, a 3.6% discount on the average closing price of the shares over the past 15 trading days.

The deal should make it easier for Blackrock to double its mutual fund business over the next three years, analysts say. The firm is financing the purchase through available cash and $2 billion of medium and long-term commercial paper debt.