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Top related persons:
Merril Lynch - 3 Jon Wolfenbarger - 2 Wolfenbarger - 2 Andy Sieg - 1 Merrill Lynch - 1 Sieg - 1 David Bailin - 1 Bailin - 1
Top related locs:
Asia Hong Kong Singapore Keith Lee Hong Kong Mark Mills Shyam Sambamurthy South Asia America West China
Top related orgs:
JPMorgan - 2 Citi - 1 Business - 1 Bankers - 1 Citi Wealth - 1 Citi Global Wealth - 1 North America - 1 Eduardo Martinez Campos Head - 1

Search resuls for: "Merril Lynch"


6 mentions found


☆ Andy Sieg is quickly shaking up Citi's wealth business. At least 11 senior execs have left since his arrival.
  + stars: | 2024-04-17 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +4 min
Citi's wealth unit has seen at least 11 senior execs exit since Merrill Lynch veteran Sieg joined in September. The latest departure is David Bailin, chief investment officer for the global wealth division, who announced his departure on Monday. Sieg's mandate is to turn around the wealth business, which was barely profitable this past quarter. Sieg also plans to expand Citi's already successful wealth business in Asia. At least two other senior Asia executives have left.
Persons: Andy Sieg, Merrill Lynch, Sieg, David Bailin, Bailin, Fraser, Andy, Mark Mason, Shyam Sambamurthy, Merril Lynch, Don Plaus, Hale Behzadi, Citi David, Eduardo Martinez Campos, Keith Lee Hong, Fernando Lopez Munoz, Luigi Pigorni, Jeff Sutton, Eduardo, Seamus Yin, Hayley Cuccinello Organizations: Citi, Business, Bankers, Citi Wealth, Citi Global Wealth, North America, Eduardo Martinez Campos Head, Mark, Mark Mills Regional, Fernando Lopez Munoz Head, Jeff Sutton Global, Eduardo Ventura, West Locations: Asia, Hong Kong, Singapore, Keith Lee Hong Kong, Mark Mills, Shyam Sambamurthy South Asia, America, West China, hcuccinello@businessinsider.com
☆ 'The damage has already been done': A 31-year market vet shares 3 pieces of evidence that the labor market is about to collapse, sending the economy into recession and the stock market spiraling
  + stars: | 2023-11-11 | by ( William Edwards | ) www.businessinsider.com   time to read: +6 min
The US economy added just 150,000 jobs, under the expected 180,000, and the unemployment rate rose to 3.9%, now 0.5% higher than its low earlier this year. Federal Reserve Bank of St. Louis/Bullandbearprofits.comSecond, the inverted yield curve is starting to steepen. An inverted yield curve has been an extremely reliable recession indicator over the last several decades. Bullandbearprofits.com"Proven leading indicators show that the unemployment rate is likely to start rising materially soon. Piper SandlerIn addition to the yield curve and employment indicators above, other recession indicators continue to point to a downturn ahead.
Persons: Jon Wolfenbarger, Merril Lynch, Wolfenbarger, Louis, bode, Piper Sandler's Michael Kantrowitz, Piper Sandler, Societe Generale's Albert Edwards, Edwards Organizations: JPMorgan, Federal Reserve Bank of St, National Federation of Independent, Fed, Bank of America, Societe Generale's, Generale, Edwards . Societe Generale Locations: lockstep, Edwards .
☆ A 31-year market vet warns stocks face at least 23% downside with inflation still too high, a recession looming, and a narrow group of companies driving the current rally
  + stars: | 2023-07-22 | by ( William Edwards | ) www.businessinsider.com   time to read: +7 min
Manufacturing data, inflation data, market breadth, and high rates are warning signals, he says. Bullandbearprofits.comShort-term Treasury rates remaining elevated prove the Fed is going to continue raising rates, Wolfenbarger said. The ISM PMI Manufacturing Index is currently at 46, and readings below 50 mean the economy is contracting. Bullandbearprofits.comAll of this amounts to a bearish outlook for stocks, Wolfenbarger believes. Some in the market are growing fatigued of the recession forecasts as the market surges back toward all-time-highs.
Persons: Jon Wolfenbarger, Wolfenbarger, Wolfenbarger —, Merril Lynch, Piper, Michael Kantrowitz, Kantrowitz, Morgan Stanley, Mike Wilson, Wilson, Morgan Stanley Wilson, there's Organizations: Federal, JPMorgan, Bull, CPI, Cleveland Fed, University of Michigan, PMI
☆ A 31-year market vet who called the current bear market says the S&P 500 has another 45% downside as investors remain blind to signs that a recession is hurtling toward the US economy
  + stars: | 2023-04-08 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
Yet, stock market investors remain bullish, he said. He's been warning of a significant stock market decline since late 2021,"People are ignoring all the lessons of history," Wolfenbarger told Insider on Friday. His bearish outlook stems from how high stock valuations are relative to 10-year Treasury yields. Wolfenbarger also has company in thinking that stock market investors aren't heeding the warnings of a coming downturn. Yet, the stock market doesn't seem to reflect this uncertainty, he said.
☆ Factbox: Five facts about returning UBS CEO Sergio Ermotti
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +1 min
LONDON, March 29 (Reuters) - Sergio Ermotti has been rehired as the CEO of Swiss banking giant UBS (UBSG.S) to steer its massive takeover of rival Credit Suisse (CSGN.S). * He joined UBS in 2011 after being passed over for the top job at Italian lender UniCredit. Within six months of joining he was appointed interim CEO in the wake of a $2.3 billion trading scandal, before he was picked to run UBS on a permanent basis until 2020. * Ermotti, with long experience in investment banking and wealth management, is credited with executing UBS's turnaround and scaling down its investment banking operations after a series of scandals and losses nearly caused the bank's implosion. Reporting by Tommy Reggiori Wilkes; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
☆ Why Tom Brady was overlooked in the NFL Draft and why it was more than luck that led him to the Patriots
  + stars: | 2023-02-01 | by ( Cork Gaines | ) www.businessinsider.com   time to read: +8 min
Tom Brady was the 199th pick in the NFL Draft and is now considered the greatest quarterback ever. They hired Bill Belichick, and the team made the biggest steal in NFL Draft history: selecting Tom Brady in the sixth round. Tom Brady was just a part-time starter at the University of Michigan. Drew Bledsoe was only 28 years old when Tom Brady was drafted. The result was the biggest steal in NFL Draft history.
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