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☆ Merrill's Lindsay Hans and Eric Schimpf were thrust to the top of the $3.3 trillion wealth unit last year. Here's a look at their new playbook.
▼ + stars: | 2024-04-22 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Thirteen months ago, Andy Sieg unexpectedly left Merrill Wealth Management to run Citi's ailing wealth unit. His replacements, Lindsay Hans and Eric Schimpf, had big shoes to fill. Hans and Schimpf were company veterans but lesser known before they were anointed to lead the $3 trillion wealth business attached to behemoth Bank of America. Schimpf is more soft-spoken than his cohead Hans, who was promoted to run the private wealth business one month before Sieg left. AdvertisementMerrill has the benefit of being part of a bank with some 69 million consumer bank clients.

Persons: Andy Sieg, Lindsay Hans, Eric Schimpf, Merrill, Hans, Schimpf, Sieg, Lindsay, it's, Sieg's, Louis Diamond, Schimpf's, Hans said, AdvisorHub Organizations: Service, Merrill Wealth Management, behemoth Bank of America, Business, Merrill, Army, UBS, Schimpf, Northeast, Merrill . Bank of America, Bank of America, Customers, Bank of, First, JPMorgan Locations: Los Angeles, Coast, New York City, Nevada, First Republic, Merrill

☆ Should you sell your home now or wait for the Realtor settlement this summer?
▼ + stars: | 2024-03-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

The settlement will eliminate the long-standing standard 6% commission paid by the seller, which could ultimately make it cheaper to sell your home post-settlement. The case for getting in on spring homebuying seasonThe settlement could present a major downside to homebuyers. Under the current system, the buyer’s agent’s commission is baked into the total they pay for a home. On top of that, they may be able to avoid having to pay the buyer’s agent’s commission. But in his view, the NAR settlement shouldn’t be a major consideration when it comes to timing.

Persons: it’s, Phil Crescenzo Jr, There’s, he’s, ” Mike Downer, Mike Downer, he’d Organizations: New, New York CNN, National Association of Realtors, Nation One Mortgage Corporation, Buyers, NAR, Coldwell Banker Locations: New York, Naples , Florida

☆ Consumer advocates — and even some Realtors — hail NAR settlement: 'We've opened up the entire industry to competition'
▼ + stars: | 2024-03-24 | by ( Rob Wile | ) www.cnbc.com time to read: +6 min

Now, a landmark settlement with the National Association of Realtors is poised to upend this model. According to consumer advocates, and even some Realtors, it's a win for homebuyers and sellers. And in the months following Covid-19 pandemic reopenings, the hottest U.S. real estate markets were tipped squarely in favor of sellers. It's the same amount of money, but now the buyer gets money instead of a buyer agent, and they can decide what to do with it." What's more, greater competition for clients is likely to result in lower costs across the board, said Ryan Tomasello, a real estate industry analyst with the Keefe, Bruyette & Woods financial firm.

Persons: it's, Mariya Letdin, Letdin, they'll, Doug Miller, Miller, Ryan Tomasello, Keefe, Tomasello, Phil Crescenzo Jr, Crescenzo Organizations: National Association of Realtors, Realtors, homebuyers, Florida State University's College of Business, NBC News, U.S, NAR, Nation One Mortgage Corp Locations: Alhambra , California, Minnesota, Woods

Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday. Attorneys for Trump and his co-defendants in the fraud case argued that it was "impossible" for them to secure a complete appeal bond, which would "effectively" require "cash reserves approaching $1 billion." Trump in a deposition last year claimed to have "substantially in excess of $400 million in cash." But Monday's filing nevertheless asserted that obtaining a bond for the full $464 million judgment is unattainable. The defendants had previously offered to post a $100 million bond, less than one-fourth the total judgment, in order to pause James from collecting the penalties during the appeal process.

Persons: Donald Trump, Letitia James, Arthur Engoron, Trump, Gary Giulietti, Giuletti, Giulietti, Trump's, James, Anil Singh, Alina Habba, Chubb, Jean Carroll Organizations: U.S, New York, Trump, Division of Manhattan Supreme, Appeals, New York ., Lockton Companies, U.S . Treasury Department, Trump Organization Locations: New York City, New York, New York . Manhattan, York

Jamahl Mosley made the Orlando Magic a contender. Mosley and the playoff-contending Magic — on pace for their best season in 13 years — have agreed on an extension that keeps him under contract in Orlando through the 2027-28 season, the team announced Tuesday. Mosley is in his third season with Orlando. We are very happy to have Jamahl lead the Magic for years to come.”The Magic contending might be viewed as a surprise in some NBA circles this season. But Mosley has insisted, publicly and privately, since even before the season started that this Orlando team would be different.

Persons: Jamahl Mosley, Mosley, —, Paolo Banchero, Franz Wagner, “ Jamahl, Jeff Weltman, “, ” Mosley, Orlando, haven't, — Mosley, Orlando's Wagner, — Franz, Moritz —, Banchero, we'll, ” Organizations: Orlando Magic, Orlando, Division, NBA, Associated Press, Mavericks, USA Basketball, U.S, AdventHealth Training Center Locations: Orlando, Denver , Cleveland, Dallas, Las Vegas, Manila, Germany

3 Ohio State rout Purdue 41-7 on Saturday. Purdue (2-4, 1-3) has lost two straight and four of five, this one against a severely short-handed Ohio State offense. McCord opened the scoring with a 14-yard TD pass to Marvin Harrison Jr., Brown added a 2-yard TD run on Ohio State's second series. After Brown fumbled the ball away at the goal line, McCord hooked up with Cade Stover on a 4-yard scoring pass to make it 20-0. ... Ohio State rushed for 4.2 yards per carry one week after averaging 1.9 against Maryland.

Persons: — Kyle McCord, Dallan Hayden, Ade, TreVeyon Henderson, Miyan Henderson, Emeka, Chip Trayanum, Hayden, Xavier Johnson, Devin Brown, McCord, Marvin Harrison Jr, Brown, Cade Stover, Deion Burks, Harrison, Stover, Devin Mockobee, Ryan Walters, Purdue's, Luke Griffin, Ryan Day, Burks Organizations: WEST LAFAYETTE, Ohio State, Purdue, Buckeyes, Ross, Ohio, Boilermakers didn't, Hudson Card, Boilermakers, . Ohio State, Maryland, Penn State, Division, AP Locations: Ind, Ohio, Georgia, Michigan, ., Nebraska

LEXINGTON, Ky. (AP) — Ray Davis rushed for a career-high 280 yards and scored four touchdowns, including three in the first half, as Kentucky overwhelmed No. Davis also charged hard for a 9-yard TD reception that made it 10-0, getting a little assist at the goal line from guard Eli Cox. Kentucky totaled 398 yards against the SEC's top overall and scoring defense, which entered the game yielding just 224 yards and 13.5 points per outing. He was also intercepted by Trevin Wallace, who snatched Deone Walker's deflection and returned it 21 yards to the Florida 21 and set up Davis' first score. Kentucky: Davis took a huge step toward establishing himself as the SEC’s top runner with a monster day.

Persons: — Ray Davis, Davis, Eli Cox, Graham Mertz, Hayden Hansen, Ricky Pearsall, Mertz, Trevin Wallace Organizations: Wildcats, Conference, East Division, Vanderbilt, Gators, Charlotte, Kentucky, NEXT Florida, AP Locations: LEXINGTON, Ky, Kentucky, Florida, Georgia, . Kentucky

GAINESVILLE, Fla. (AP) — Trevor Etienne ran for a career-high 172 yards and a touchdown, Montrell Johnson scored twice and Florida upset No. 11 Tennessee 29-16 on Saturday night to extend the Volunteers’ losing streak in Gainesville to 10. Graham Mertz and Florida were much more comfortable in front of 90,751, the 12th-largest crowd at Florida Field. THE TAKEAWAYTennessee: The Volunteers outgained Florida 393-349 in yards, but Milton threw an interception in the first half and never found a rhythm. Florida: The Gators have rebounded nicely from an error-filled opener at then-No.

Persons: — Trevor Etienne, Montrell Johnson, Graham Mertz, Omari Thomas, Tennessee's Kamal Hadden, Florida's Micah Mazzccua, Mazzccua, Florida's Damieon George, Thomas, Josh Heupel, Billy Napier, Napier, Phillip Fulmer, Lane Kiffin, Derek Dooley, Butch Jones, Jeremy Pruitt, FanDuel, —, Joe Milton, Tennessee’s, Scooby Williams, Jaylen Wright, Milton, Mertz, Etienne, Johnson, Kurott Garland, offsides, Tre Wilson, Mertz’s, Adam Mihalek, Mihalek, Trey Smack, Charlotte Organizations: Volunteers, Florida, Tennessee, LSU, Florida State, Gators, Vols, McNeese, East Division, Associated, NEXT, University of Texas, San Antonio, UTSA, AP Locations: GAINESVILLE, Fla, Florida, Tennessee, Gainesville, Georgia, Knoxville, Utah, San

☆ Jets' QB Rodgers vows to 'rise yet again' after season-ending injury
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

Sep 11, 2023; East Rutherford, New Jersey, USA; New York Jets quarterback Aaron Rodgers (8) is injured while being sacked by Buffalo Bills defensive end Leonard Floyd (56) during the first half at MetLife Stadium. The New York Jets quarterback went down with the injury four plays into his highly-anticipated debut with the Jets on Monday, leading some to wonder whether it could spell the end of the 39-year-old's playing career. "I'm completely heartbroken and moving through all of the emotions, but deeply touched and humbled by the support and love," Rodgers said in a post on Instagram. "Proud of my guys, 1-0," Rodgers said in the post, which included photos of him from the game. Future Hall of Famer Rodgers joined the Jets in a blockbuster offseason deal after 18 seasons with the Green Bay Packers.

Persons: Aaron Rodgers, Leonard Floyd, Vincent Carchietta, I'm, Rodgers, of Famer Rodgers, Zach Wilson, Rory Carroll, Toby Davis Organizations: New York Jets, Buffalo Bills, MetLife, Jets, NFL, AFC East, of Famer, Green Bay Packers, Thomson Locations: East Rutherford , New Jersey, USA, Los Angeles

☆ Jets' QB Rodgers to miss rest of season with torn Achilles - report
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] Sep 11, 2023; East Rutherford, New Jersey, USA; New York Jets quarterback Aaron Rodgers (8) is injured while being sacked by Buffalo Bills defensive end Leonard Floyd (56) during the first half at MetLife Stadium. Mandatory Credit: Vincent Carchietta-USA TODAY Sports Acquire Licensing RightsSept 12 (Reuters) - Aaron Rodgers will miss the rest of the 2023 National Football League (NFL) season with a torn left Achilles tendon suffered moments into his much-anticipated New York Jets debut, according to a report on the league's website on Tuesday. After the game the Jets said Rodgers would have an MRI on Tuesday to determine the severity of his injury. The Jets did not immediately respond to Reuters' request for an update on Rodgers but the team wished him well in his recovery on social media platform X, formerly called Twitter. But the trajectory of the franchise changed immediately with the acquisition of Rodgers, whose arrival saw the Jets' Super Bowl odds surge after the trade.

Persons: Aaron Rodgers, Leonard Floyd, Vincent Carchietta, Rodgers, Zach Wilson, Frank Pingue, Ken Ferris Organizations: New York Jets, Buffalo Bills, MetLife, National Football League, The Jets, Green Bay Packers, Jets, Reuters, Rodgers, NFL, AFC East, Thomson Locations: East Rutherford , New Jersey, USA, Toronto

☆ Mahomes looks to author Chiefs' dynasty, Rodgers hopes to revive Jets
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +3 min

Aug 26, 2023; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) walks on field against the Cleveland Browns prior to a game at GEHA Field at Arrowhead Stadium. With Mahomes at the helm of a show-stopping Chiefs offense that also features tight-end extraordinaire Travis Kelce, Kansas City are favoured to become only the ninth franchise to repeat as Super Bowl champions. They have a really good team. Payton is no stranger to such a tall task after having helped rejuvenate the New Orleans Saints, leading them to nine postseason appearances, seven division titles and the team's lone Super Bowl during the 2009 campaign. This season will also see the NFL play five games in Europe, three in London and two in Frankfurt, Germany.

Persons: Patrick Mahomes, Denny, Tom Brady, Aaron Rodgers, extraordinaire Travis Kelce, Vince Lombardi, Rodgers, Brady, SiriusXM's Let's, Aaron's, he's, Josh Allen, Damar Hamlin, Hamlin, Jalen, Sean Payton, Payton, Frank Pingue, Christian Radnedge Organizations: Kansas City Chiefs, Cleveland Browns, Arrowhead, NFL, New York Jets, Super Bowl, Chiefs, Detroit Lions, Bowl, Packers, Jets, Buffalo Bills, New England Patriots, Tampa Bay Buccaneers, Bills, AFC East, Cincinnati Bengals, Philadelphia Eagles, Denver Broncos, New, New Orleans Saints, Thomson Locations: Kansas City , Missouri, USA, extraordinaire Travis Kelce , Kansas City, Las Vegas, New York, Green Bay, New Orleans, Europe, London, Frankfurt, Germany, Toronto

☆ Wander Franco: Tampa Bay Rays shortstop steps away from team as MLB investigates social media posts
▼ + stars: | 2023-08-14 | by ( Jacob Lev | Wayne Sterling | ) edition.cnn.com time to read: +1 min

CNN —Tampa Bay Rays All-Star shortstop Wander Franco will not be with the team during its current road trip due to the situation surrounding social media posts involving Franco, the Rays said Monday. Tampa Bay and Franco have mutually agreed that he’ll be placed on the Restricted List, administrative leave that allows Franco to not count against the 26-man roster. Additionally, Major League Baseball is investigating the posts, an MLB official told CNN on Monday. Neither MLB nor the Rays gave any details on the posts. “We support any steps taken by the league to better understand the situation,” the Rays said in a statement.

Persons: Wander Franco, Franco, he’ll, ” Franco, Kevin Cash, “, I’m, ” Cash Organizations: CNN, Tampa Bay Rays, Rays, Tampa Bay, Franco, Major League Baseball, MLB, ”, Cleveland Guardians, American, Baltimore Orioles, American League East

☆ Egypt: How the Arab world's most populous country became addicted to debt
▼ + stars: | 2022-12-16 | by ( Cnn Staff | ) edition.cnn.com time to read: +12 min

The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh, are Band-Aids, experts say, designed to keep the Arab world’s most populous country afloat. Without proper reforms, however, Egypt may never be able to shake off its chronic financial woes and break its growing debt addiction. Billions of dollars from Abu Dhabi and Riyadh have poured into the Egyptian economy in recent years. Saudi Arabia’s Public Investment Fund (PIF) also launched the Saudi Egyptian Investment Company (SEIC) in August, a company dedicated to investments in several vital sectors of the Egyptian economy. Still, the Egyptian economy has struggled to shake off its economic woes.

Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Allen's fourth quarter touchdown throw to Dawson Knox capped off a 24-20 victory against the Chiefs. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Lebanon to resume sending refugees back to war-damaged Syria
▼ + stars: | 2022-10-12 | by ( Timour Azhari | ) www.reuters.com time to read: +3 min

Lebanon hosts the highest number of refugees per capita in the world. The plan would not involve the United Nations, which maintains that conditions in Syria do not allow for the large-scale return of refugees. The Lebanon office of the U.N. refugee agency, UNHCR, said it was "not facilitating or promoting the large-scale voluntary repatriation of refugees to Syria." New York-based advocacy group Human Rights Watch (HRW) said in July that "Syria is anything but safe for returnees". In its September report, the United Nations' Syria commission said the country was still not safe for returnees.

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