Moynihan Blocks Bank of America Broker Pay Cut

Dec. 20 (Bloomberg) -- Bloomberg's Michael Moore reports that Bank of America CEO Brian Moynihan blocked a proposal to cut the main component of most brokers’ pay for 2013. The plan would have reduced the so-called grid payout for Merrill Lynch financial advisers by two percentage points. He speaks on Bloomberg Television's "Market Makers."
Obama: Commitment to Israel's Security Is 'Unshakeable'
49:41 - President Barack Obama speaks about U.S. relations with Israel and negotiations with Iran over its nuclear program. Obama speaks at Adas Israel, one of Washington's oldest and biggest synagogues, in an address timed to a celebration of Jewish-American Heritage Month. (Source: Bloomberg)
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