How much capital does Bank of America (Ticker: BAC) need? That question continues to haunt ML, despite Buffett's injection of $5bn in preferred shares (which doesn't count in capital under Basel III). ML FAs might welcome the spinoff despite the relatively clean integration into the bank.
Are Merrill advisors as happy as management says they are? I hear that BofA leaves ML alone --- why screw up a good thing? But, our forumn poster wrote, "Let's cross our fingers and hope we all make it to divorce court." I asked this question a week or so ago.