NEW YORK, March 19 (Reuters) - A senior Bank of America Corp executive based in New York has made a trip to London to try to persuade former Merrill Lynch & Co top staffers to stay at the recently combined bank, CNBC said on Thursday.
Brian Moynihan, head of investment banking at Bank of America, is hoping to prevent Andrea Orcel, head of the international investment bank, from leaving his team, the cable news channel said.
New York Attorney General Andrew Cuomo is investigating millions of dollars in bonuses paid to Merrill Lynch executives in December, before Bank of America acquired the company.
Orcel is one of the bankers subpoenaed by Cuomo, a person familiar with the investigation told Reuters earlier this month.
The top investment banker received $33.8 million in a cash and stock bonus for 2008, the Wall Street Journal has reported.
(Reporting by Elinor Comlay; Editing by Bernard Orr) Keywords: BANKOFAMERICA/MERRILL (elinor.comlay@thomsonreuters.com; +1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Brian Moynihan, head of investment banking at Bank of America, is hoping to prevent Andrea Orcel, head of the international investment bank, from leaving his team, the cable news channel said.
New York Attorney General Andrew Cuomo is investigating millions of dollars in bonuses paid to Merrill Lynch executives in December, before Bank of America acquired the company.
Orcel is one of the bankers subpoenaed by Cuomo, a person familiar with the investigation told Reuters earlier this month.
The top investment banker received $33.8 million in a cash and stock bonus for 2008, the Wall Street Journal has reported.
(Reporting by Elinor Comlay; Editing by Bernard Orr) Keywords: BANKOFAMERICA/MERRILL (elinor.comlay@thomsonreuters.com; +1 646 223 6116) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.