Eric Schimpf News Today

ByteDance will undoubtedly put up a legal fight over the law, and will also have a year to find a suitor before getting the boot.

ByteDance will undoubtedly put up a legal fight over the law, and will also have a year to find a suitor before getting the boot.

Spot Bitcoin ETFs will be available to “eligible” Merrill clients, referring to ultra-high-net-worth customers with $10 million in assets.

Bank of America's wealth and investment management group, which includes Merrill, saw its Q3 income decline 13%.

Merrill's wealth division boasted about 33,500 net new client relationships year-to-date, according to Q3 earnings.

Although revenue was down, growth at Merrill Lynch contributed to one of the strongest quarters in Bank of America's history.

Merrill Lynch Wealth co-heads Lindsay Hans and Eric Schimpf said Q2 was big for client acquisitions, partially because of money moves after bank collapses.

Merrill Wealth Management heads Lindsay Hans and Eric Schimpf want to rekindle growth and spur innovation at Merrill by investing in advisors, training and technology.

Merrill Lynch said it's revised its senior management, almost two months after former head Andy Sieg said he was leaving.

The moves come as Merrill seeks to integrate more with parent company Bank of America.