Sallie Krawcheck News
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Sallie Krawcheck, the former senior executive at Bank of America Corp. and Citigroup Inc., agreed to buy 85 Broads, the global network with 30,000 members that promotes women as business leaders.
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Tan Su Shan felt her first pangs of labor while trading yen for a wealth-management client.
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Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit- card users.
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In the clash of the two largest U.S. brokerages, Bank of America Corp.’s Merrill Lynch is generating more profit with fewer people than the business Morgan Stanley formed by buying a controlling stake in a venture with Citigroup Inc.’s Smith Barney.
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Just as the New York Philharmonic Opening Night Gala was getting under way, Gary Parr, vice chairman at Lazard Ltd. and chairman of the New York Philharmonic, estimated that his conversations would be 98 percent about music and 2 percent about markets.
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On the afternoon of Aug. 23, Gary G. Lynch, the global chief of legal, compliance, and regulatory relations for Bank of America Corp., was attending a meeting in Washington when the floor heaved.
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UBS AG’s plan to pay part of top employees’ bonuses in bonds that can be wiped out will give traders and bankers an unfamiliar incentive: limit risk.
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Aiming to stay a step ahead of “the next Madoff,” the Securities and Exchange Commission is set to hire University of Texas professor Henry Hu to oversee risk analysis and seek out market areas where abuses may emerge, Joshua Gallu, Jesse Westbrook and David Scheer report.
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Bank of America Corp.’s Lisa Shalett, who was chief investment officer for the firm’s Merrill Lynch brokerage for two and a half years, will leave the company.
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Former Merrill Lynch CEO Sallie Krawcheck talks about the Facebook IPO and JPMorgan's $2 billion trading loss
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