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In January 2009, Wigley resigned [12] as Chair of Merrill Lynch Europe, Middle East and Africa following the completion of its takeover by Bank of America. [13] Since 2004, Wigley had chaired Merrill Lynch's EMEA Region Executive Committee with responsibility for a business with $6bn of revenue, $3bn of pretax income and 8,000 employees in 23 ...
Donald Regan was born in Cambridge, Massachusetts, the son of Kathleen (née Ahearn) and William Francis Regan.He was of Irish Catholic origins. Regan earned his Bachelor of Arts in English from Harvard College in 1940 and attended Harvard Law School before dropping out to join the Marine Corps at the outset of World War II.
During August and September 2007, as the subprime mortgage crisis swept through the global financial market, Merrill Lynch announced losses of $8 billion. O'Neal finally realized the huge exposure that Merrill had to subprime mortgage-backed CDOs, and that the firm would have to be sold in order to survive.
During the financial crisis of 2008, Lewis engineered the takeover of Merrill Lynch for $50 billion. The FDIC chairperson at the time, Sheila Bair, stated that the acquisition was overpriced, as Merrill Lynch along with Countrywide, which Bank of America also acquired, were "two of the sickest financial institutions in the country."
MFS Investment Management (MFS) is an American-based global investment manager, formerly known as Massachusetts Financial Services.. Founded in 1924, MFS is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund. [1]
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