Merrill Lynch Bans Bitcoin Trading

Wealth management firm Merrill Lynch has blocked all of its clients and financial advisers who manage money for clients from trading Bitcoin over fears of instability relating to the cryptocurrency, the Wall Street Journal reported. The ban will keep the firm’s nearly 17,000 financial advisers from suggesting Bitcoin-related investments and advises against client requests to invest… Please follow and like us:

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Uber investors threaten to sue over Tuesday board vote

SAN FRANCISCO — Adding a new twist to ongoing drama at Uber, a group of prominent investors in the ride-hailing startup is threatening to sue if a contentious board vote Tuesday doesn’t go its way. The deeply fractured board was gearing up to vote on a handful of measures that would, among other changes, further reduce… Please follow and like us:

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Cash Levels Remain ‘Stubbornly High’ in August Merrill Survey

Global investors’ average cash balance held steady at 4.9% in August, still above the past 10-year average of 4.5%, according to Bank of America Merrill Lynch’s latest fund manager survey. European investors’ cash weighting rose to 5.3%, the highest reading in more than 14 years. “Fund managers are holding on to cash at a stubbornly high… Please follow and like us:

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Fear Keeping Investors’ Cash Levels High: Merrill Survey

Despite investors’ cash levels in July inching down to 4.9% from 5% the previous month, the level was still above the 10-year average of 4.5%, according to Bank of America Merrill Lynch’s July fund manager survey. Twenty-five percent of survey respondents said they were overweight cash owing to their bearish view on the markets, and 20%… Please follow and like us:

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Bullish Sentiment Highest Since August 2015 Market Crash,

With the stock market climbing high to start the month of May – some indexes are approaching record highs and the VIX was plunging to the low 10 level – a new research note from Bank of America Merrill Lynch notes the euphoria may lead to a market bust as Bullish Sentiment soars. Bullish Sentiment highest… Please follow and like us:

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Institutional Investors Dump US Stocks Move To Cash

Institutional investors are buying European and emerging market stocks while selling US equities and holding back some cash, that’s according to Bank of America Merrill Lynch’s lates t Global Fund Manager Survey. The survey, which polled 203 panelists with $593 billion of assets under management between April 6 and April 12 appears to show a cautious… Please follow and like us:

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4 Wall Street Bonus Charts That May Make You Scream

Every year, the New York Comptroller releases a big number representing the combined value of the bonuses Wall Street banks have doled out to their employees. The state government keeps track of these payouts because a really big number boosts their local tax base. And this year’s number, released on March 15, is indeed gigantic: $23.9… Please follow and like us:

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BAML’s Hartnett Sees Additional “Melt-Up” In Stock Prices

Michael Hartnett, Bank of America Merrill Lynch’s chief investment strategies, is bullish risk assets based on the bank’s positioning, profits and policy analysis. As the stock market continues to climb in the face of political uncertainty, it is “not dangerously euphoric” yet, Hartnett muses. This situation has not played itself out yet, he concludes in a… Please follow and like us:

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