Has Bank Of America Ruined Its Credibility With Merrill's Financial Advisers?

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Post("/ws/heatmap", { homepage: '4a79816ccc17f548211a8641', uri: $(this). Attr("href") }); }); The resignation of Dan Sontag from his position as the head of the brokerage unit at Bank of America gives lie to a months long disinformation campaign waged by the bank against its own employees. It may well take years--and further personnel changes--before the "thundering herd" will trust its corporate parent again.

Back in June, we reported that a "secret coup" was underway at Bank of America to unseat Dan Sontag, the 31 year Merrill veteran who had taken over the brokerage business after the departure of Bob McCann following the merger with Bank of America. The reaction from Merrill Lynch was to deny the story, both ... more.

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