BoA Merrill, Citi declare for second quarter

19 July 2010 | 1 minute read

Bank of America Merrill Lynch and Citi have announced their second quarter results. BoA Merrill saw outflows in its wealth management business in the second quarter, in terms of personnel, AUM and income. The number of wealth advisers dropped 12% quarter on quarter, from 1,460 advisers in Q1 to 1,282 in Q2. Meanwhile, assets under management for the wealth management…

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