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."
These Cars Could Make You Money at Auction
46:00 - Britain’s Blenheim Palace hosts the Salon Privé car auction in Oxfordshire, allowing savvy buyers the chance to add another classic car to their collections. We spoke to the managing director of Silverstone Auctions about which are the best models to place bids on.
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