Merrill Lynch International provides various financial services in the United Kingdom. The company in three divisions: Fixed Income, Currencies and Commodities; Equities; and Investment Banking. It acts as a broker and dealer in equities and fixed income, currency, and commodities financial instruments; and offers investment banking advisory and underwriting services, as well as offers post trade related services, and equity and fixed income research services. In addition, the company provides trading services. It operates branches in Milan, Rome, Amsterdam, Stockholm, and Dubai, as well as a representative office in Zurich. The company was incorporated in 1988 and is based in London, United...
2 King Edward Street
London, EC1A 1HQ
Founded in 1988
44 20 7628 1000
44 20 7996 1174
Labaton Sucharow Files Nationwide Class Action Alleging Insidious Treasury Auction Manipulation Against Goldman Sachs, Citigroup, Credit Suisse, Deutsche Bank, Meryl Lynch, and JPMorgan
Jul 23 15
Labaton Sucharow LLP filed the nationwide class action alleging a conspiracy by prominent financial institutions, including Goldman Sachs, Citigroup, Credit Suisse, Deutsche Bank, Meryl Lynch, and JPMorgan, among others, to manipulate auctions for U.S. treasury bills, notes, and bonds. The plaintiff claims that the defendants employed a multi-pronged scheme to effectively sell high and buy low, colluding to induce investors to pay high prices for debt securities purchased from defendants in the pre-auction market, called the when issued market, and to depress the price of the securities that the defendants themselves bought at auction to cover these sales, pocketing the difference. According to the complaint, the defendants manipulated the treasury securities market by using chat rooms, instant messaging, and other methods to exchange confidential customer information and coordinate trading strategies.
Merrill Lynch International No Longer Act as Prime Broker to BlackRock UK Emerging Companies Hedge Fund Limited
Jul 13 15
The Directors of BlackRock UK Emerging Companies Hedge Fund Limited announced that, with effect from July 13, 2015, Merrill Lynch International will no longer act as a prime broker to the Fund. Deutsche Bank AG and The Bank of New York Mellon will continue to act as prime broker and custodian respectively to the Fund.
The Financial Conduct Authority to Fine Merrill Lynch International of £10 Million
Apr 23 15
The U.K.'s Financial Conduct Authority will fine Merrill Lynch International more than £10 million. The penalty will reportedly be announced April 22, 2015 and is in connection with the Bank of America Corp. unit's alleged failure to properly report transactions.