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Bank of America (BAC)

NEW YORK, Feb. 22 /PRNewswire/ -- Bank of America Merrill Lynch Global Banking and Markets President Tom Montag today announced that Sam Chapin and Todd Kaplan have been appointed executive vice chairmen of Global Banking, effective immediately. In these roles, Chapin and Kaplan will report to Montag and focus on deepening strategic client relationships and delivering the company's vast global resources on their behalf. Chapin will be based in New York, and Kaplan will be based in Chicago. (Logo: http://www.newscom.com/cgi-bin/prnh/20090812/CL60095LOGO ) "Sam and Todd are among the most widely respected investment bankers in the industry," said Montag. "Their decisions to rejoin Bank of America Merrill Lynch are a reflection of the tremendous momentum we have achieved as a combined company and global industry leader." Chapin, a 26-year Merrill Lynch veteran, served as a vice chairman and member of the executive client coverage group from 2003 to 2009, responsible for developing and coordinating senior corporate client relationships around the world. Prior to that, he was head of global investment banking from 2001 to 2003. He joined Merrill Lynch in 1984 as a member of the mergers and acquisitions group and was named a managing director in investment banking in 1993 and a senior vice president of the firm in 2001.
Ok, so is it just me? Is this a case of what’s wrong with this picture? Here you have Todd Kaplan & Sam Chapin, two veteran executives (Kaplan worked there 22 years) of Merrill Lynch, returning to the fold now that times are good (or at least a whole lot better) again. They both left when the bank was in turmoil shortly after the takeover by Bank of America. Kind of like jumping off a sinking ship wouldn’t you say? Now they want back on? Where is the loyalty? Where is that old saying, “When the going gets tough, the tough get going? Well in this case they got going all right…..right out the front door. How about the guys who stuck around these past 14 months or so, who weathered the bad times, hung in there and stayed loyal to ‘Mother Merrill” as the company was lovingly referred to as for many years. Do you think they are happy to see Kaplan & Chapin return now that Wall St. is back on it’s feet. Call me old school, but I just don’t think it was the right thing to do bringing them back.

Feb 22 · 9:51:00 AM · Source: Company Press Release
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by Jerry Byrne

U.S. Bancorp (USB)

U.S. Bank is launching Deposit Express, a remote deposit capture offering specifically designed to meet the unique banking needs of small businesses. Deposit Express allows small businesses to scan and deposit checks to their U.S. Bank account from the convenience of their office, using a PC and a desktop scanner.
This expands U.S. Bank's existing suite of remote deposit products.

Feb 19 · 2:20:00 PM · Source: Company Press Release
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by Larry Etter

Bank of America (BAC)

Bank of America today announced organizational changes to its Global Wealth and Investment Management (GWIM) division designed to support the growth of its investment and retirement businesses and to deepen leadership in areas identified as being among its greatest strategic opportunities. Kunal Kamlani will join the company as managing director and head of Global Investment Solutions (GIS). Chris Dupuy will become head of Institutional Investments and Philanthropic Solutions.

Feb 19 · 2:12:00 PM · Source: Company Press Release
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by Larry Etter

Bank of New York Mellon (BK)

BNY Mellon said it has signed a definitive agreement to acquire the corporate trust business of CIBC Mellon. The acquisition is expected to close by the end of the
The acquisition will more than double BNY Mellon's share of the corporate trust market in Canada and expand its leadership position in a number of key segments, servicing domestic and cross-border debt issuances, structured credit and securitizations, government stimulus programs and public private partnership transactions.

Feb 17 · 8:40:00 AM · Source: Company Press Release
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by Larry Etter

Simon Property Group (SPG)

Simon Property Group Inc. Tuesday said it has made an offer to acquire General Growth Properties Inc., the real estate investment trust that filed for bankruptcy last year, in a deal valued at over $10 billion, including about $9 billion in cash. The offer includes a consideration to creditors totaling some $7 billion,

Feb 16 · 11:39:00 AM · Source: Company Press Release
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by Larry Etter

J.P. Morgan (JPM)

J.P. Morgan announced today that it will acquire RBS Sempra Commodities' global oil, global metals and European power and gas assets. The transaction is expected to close in the second quarter of 2010, pending regulatory approvals. These assets will be integrated into J.P. Morgan's existing Global Commodities business, led by Blythe Masters.

Feb 16 · 11:30:00 AM · Source: Company Press Release
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by Larry Etter

Wells Fargo (WFC)

Wells Fargo Advisors Financial Network, LLC, through a relationship with FP Transitions, the nation’s leading provider of equity management valuation and succession planning services, announced the introduction of a new program that helps enable Wells Fargo Advisors Financial Network business owners to more precisely determine, build and monitor the value of their practice.
The Comprehensive Equity Management System is a comprehensive solution that will help business owners identify value of their advisory practice, plan for retirement and position their practice for continued growth.

Feb 12 · 12:20:00 PM · Source: Company Press Release
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by Larry Etter

Bank of New York Mellon (BK)

BNY Mellon and Bank of China, New York Branch have announced the launch of BOC-NYB's new Web-based remittance service. Allowing customers in the U.S. to remit funds to any of Bank of China's more than 100 global locations and thousands of locations in China, as well as to virtually all other banks in China, the service is based on the Remit Worldwide solution provided by BNY Mellon Treasury Services.

Feb 12 · 12:13:00 PM · Source: Company Press Release
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by Larry Etter

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