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28 unusual facts about Merrill Lynch


2008–14 Irish banking crisis

Kelly's prognostications caused a minor controversy but mostly went unnoticed until March 2008, when Philip Ingram, an analyst at Merrill Lynch, wrote a scathing report about the real estate bubble, focusing on the three major Irish banks most responsible for the crisis, Anglo Irish, Bank of Ireland, and AIB.

Aiding and abetting

For example, CIBC and Merrill Lynch were separately charged with aiding and abetting Enron’s evasion of record keeping requirements and required financial controls.

Air pollution in Hong Kong

Merrill Lynch downgraded several Hong Kong property companies because of air quality concerns, and there have been warnings from the head of the Stock Exchange that pollution was scaring investors away.

Calibuso, et al. v. Bank of America Corp., et al.

On March 30, 2010, three female employees launched a class action gender discrimination lawsuit against Bank of America and Merrill Lynch.

Colin Dowdeswell

Dowdeswell completed his tennis career in 1986 and began a successful career in Financial Services and Private Banking with Merrill Lynch.

Donald Lippincott

After the war, he went into banking in Philadelphia, eventually becoming a broker, first with Samuel McCreery and Co. and later with Merrill Lynch.

Edward Tollemache

His Newcastle University degree is in Business Management and Marketing and he worked at Merrill Lynch between graduation and 2002.

Electronic message journaling

Morgan Stanley had a $1.45 billion judgment against them and Merrill Lynch was issued a $2.5 million fine because of their inability to reproduce e-mail transmissions.

Huey Richardson

Richardson returned to college and earned his master's degree in business administration from Emory University in Atlanta in 2000, and currently works as a financial analyst for Merrill Lynch in New York City.

International Bank of Asia

The original Sun Hung Kai Bank shareholders included Banque Paribas, Merrill Lynch, and the family of Fung King-Hey (founder of Sun Hung Kai Securities).

Jimmy King

In a phone interview on the Jim Rome Show on November 30, 2006, Jimmy stated he was working as a financial advisor for Merrill Lynch on Wall Street.

John Clawson

After his basketball career ended, Clawson worked at Merrill Lynch and as a high school teacher in Danville, California.

Larry Speakes

Speakes left a job at Merrill Lynch which he had held for a short time as a result of the controversy but maintained that the story was indeed accurate.

Magasin du Nord

Magasin du Nord took over its competitor Illum in 1991 but it was sold to Merrill Lynch in 2003.

Mark Rivera

His company, The Mark Rivera Entertainment Group, has produced events for HBO, IBM, Merrill Lynch, AT&T, Coldwell Banker, The China Club, Northwest Airlines, Oakwood Corporate Housing, and numerous trade associations, charitable events, and local/national educational groups.

Marla Glen

Her mother Dell graduated from the University of Chicago and went on to become a successful banker who worked for Merrill Lynch.

Maulana Azad College of Arts and Science

Executive Vice President of Merrill Lynch whose association with the college may assist Indo-America collaboration in this field.

Mehmet Şimşek

Şimşek previously worked as the chief economist and strategist for emerging Europe, Middle East and Africa region at Merrill Lynch in London for 7 years.

Mike Glenn

Because of his business background, Glenn was also employed in the early 1990s by Merrill Lynch as a consultant for the NBA's pre-pension plan.

Milton Pollack

Pollack presided over several high-profile securities cases, including the litigation arising from the failure of Drexel Burnham Lambert and cases arising from sales of internet related stocks by Merrill Lynch.

Omkar Goswami

Dr. Goswami serves as a Director on the boards of Forbes, Infosys, Dr. Reddy's Laboratories, DSP Merrill Lynch Fund Managers Limited, Infrastructure Development and Finance Company Limited, Crompton Greaves, Sona Koyo Steering Systems Limited, Ambuja Cements Limited and Cairn India Limited.

Orrington, Maine

Edward A. Pierce, Wall St. banker, one of founders of Merrill, Lynch, Pierce, Fenner, and Smith, Inc., now Merrill Lynch

Reggie Wilkes

During his 10-year NFL career, Wilkes worked on the staff of Merrill Lynch advisory group in the off-seasons.

Sean Farrell

After football, Farrell became a financial advisor with several investment companies including Merrill Lynch, and he is the chairperson of the Gay Culverhouse Player Outreach Program to assist former NFL players facing disability issues after their careers.

Sun Hung Kai Bank

The original Sun Hung Kai Bank shareholders included Banque Paribas, Merrill Lynch, and the family of Fung King Hey (founder of Sun Hung Kai Securities).

Ted Gillen

In 1996, Gillen became an annuity specialist at Merrill Lynch before becoming a high school soccer coach in 2002.

W. Christopher Waddell

Beginning in 1984, he worked for Merrill Lynch in San Diego and eventually became first vice president of investments for the firm.

World Crohn's and Colitis Day

- Ashley from Las Vegas, Nevada sent out an email to 50,000 people who worked for the insurance company, Merrill Lynch, making them aware of what the meaning of WCCD was in order to create awareness and motivation for it.


7 Days Inn

In 2007, Merrill Lynch, Deutsche Bank, and Warburg Pincus further invested a combined total of US$95 million.

Brad S. Karp

His client list includes JPMorgan Chase, Wachovia, Morgan Stanley, Apollo Global Management, Merrill Lynch, Deloitte, MacAndrews & Forbes, ING, Bear Stearns, Ericsson, Hexion, Scottish Power and Eton Park in securities, commercial and regulatory matters.

Cogent Research

Cogent provides research services to multiple Fortune 500 companies located in the financial industry, including Bank of America, TD Ameritrade, John Hancock, Aetna, Prudential Financial, ING, Merrill Lynch, and Morgan Stanley Smith Barney.

Derrick Fung

As part of the undergraduate program, he interned at Microsoft in Marketing, BNP Paribas in Equity Derivative Sales and on the trading floor of Merrill Lynch in 2009 as the first class after the merger with Bank of America.

Economy of Istanbul

Levent and Maslak financial districts are home to the headquarters of Turkey's largest companies and banks, as well as the local headquarters of global giants of the financial sector such as Citibank, Merrill Lynch, J. P. Morgan, HSBC, ABN Amro, Fortis, ING Bank, BNP Paribas, Société Générale, Banca di Roma, UniCredit, WestLB, Deutsche Bank, Commerzbank, and many others.

IBEAM Broadcasting Corporation

At that time, iBEAM's customer list included more than 460 companies, including media and entertainment leaders Disney, Paramount Pictures, MTVi, Sony Music Entertainment, IBM/Lotus, Bristol-Myers Squibb, Merrill Lynch and LAUNCH.com.

Incitrio

Prior to Incitrio, Ms. Hill’s national clients included: Hallmark, Williams-Sonoma, Mars Candy, Energizer, Ford Motor Co., Sun Microsystems, Intel, Maersk: Shipping and Energy, Pacific Gas & Electric, Merrill Lynch and Vis.

Lane P. Hughston

He has worked as a financial engineer and risk manager at Merrill Lynch, London, as Professor of Financial Mathematics at King's College London, as Professor of Mathematical Finance at Imperial College London, and as Professor of Mathematics at Brunel University.

Merrill Lynch High Yield Master II

Martin Fridson, who then headed Merrill Lynch's high yield bond research department, brought a problem to the attention of Phil Galdi, who was responsible for bond indexes.

RJR Nabisco

A fierce series of negotiations and proposals ensued which involved nearly all of the major private equity players of the day, including Morgan Stanley, Goldman Sachs, Salomon Brothers, First Boston, Wasserstein Perella & Co., Forstmann Little, Shearson Lehman Hutton, and Merrill Lynch.

Scott Rothbort

Prior to working at Merrill Lynch, within the financial services industry he worked for County Nat West Securities and Morgan Stanley, where he had international assignments in Tokyo, Hong Kong, and London.

Securities Litigation Uniform Standards Act

In Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit, 547 U.S. 71 (2006), the U.S. Supreme Court ruled that SLUSA operated to preempt state law "holder" claims, which alleged injury based on the prolonged retention of stock due to fraud, as well as claims arising from the fraud-induced purchase or sale of securities.

Stefan Siegel

Followed by a modelling career (he appeared in campaigns and catwalk shows for Prada, Gucci, BMW, K-Swiss and Calvin Klein), Stefan started working for companies such as Ernst & Young and Sal. Oppenheim in Switzerland, and the Merrill Lynch M&A Investment Banking group in London specialising on the Consumer & Retail sector.

Terry Hoage

After retiring from football, Hoage interned at Merrill Lynch, passed the Series 7 examination, and seemed on his way to a career in finance.