FILE - In this Sept. 15, 2008 file photo, then Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis shake hands following a news conference in New York. That day, Bank of America began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal. AP Photo logo AP Photo 2 months ago

FILE - In this Sept. 15, 2008 file photo, then Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis shake hands following a news conference in New York. That day, Bank of America began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal.

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  1. FILE - In this Sept. 15, 2008 file photo, then Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis shake hands following a news conference in New York. That day, Bank of America began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal.
  2. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November 17, 2009.
  3. Former chief executive of Merrill Lynch, John Thain speaks at the Reuters Global Finance Summit in New York November 17, 2009.
  4. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November17, 2009.
  5. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November17, 2009.
  6. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November 17, 2009.
  7. Bank of America's Ken Lewis joins TARP recipient financial institution leaders before they testify before House Financial Services Committee on Capitol Hill in Washington, in this February 11, 2009 file photo. Lewis, whose handling of the takeover of Merrill Lynch & Co drew scorn from prosecutors and investors, will retire by year's end and his successor is yet to be determined, the bank said on September 30, 2009.
  8. Bank of America Chief Executive Officer Ken Lewis speaks at the Boston College CEO club luncheon in Boston, Massachusetts, in this March 12, 2009 file photo. Lewis, whose handling of the takeover of Merrill Lynch & Co drew scorn from prosecutors and investors, will retire by year's end and his successor is yet to be determined, the bank said on September 30, 2009.
  9. FILE - In this Sept. 15, 2008 file photo, then Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis shake hands following a news conference in New York. That day, Bank of America began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal.
  10. James Gorman, head of Merrill Lynch's brokerage business, speaks to reporters during the second annual Reuters Finance Summit in New York in this November 13, 2003 file photo. Morgan Stanley announced September 10, 2009 that Gorman, now one of the investment bank's co-presidents, will replace Morgan Stanley Chief Executive John Mack, who is stepping down.
  11. James Gorman, head of Merrill Lynch's brokerage business, speaks to reporters during the second annual Reuters Finance Summit in New York in this November 13, 2003 file photo. Morgan Stanley announced September 10, 2009 that Gorman, now one of the investment bank's co-presidents, will replace Morgan Stanley Chief Executive John Mack, who is stepping down.
  12. James Gorman, head of Merrill Lynch's brokerage business, speaks to reporters during the second annual Reuters Finance Summit in New York in this November 13, 2003 file photo. Morgan Stanley announced September 10, 2009 that Gorman, now one of the investment bank's co-presidents, will replace Morgan Stanley Chief Executive John Mack, who is stepping down.
  13. Bank of America-Merrill Lynch country head Kevan Watts speaks during Reuters India Investment Summit in Mumbai November 23, 2009.
  14. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November 17, 2009.
  15. Former chief executive of Merrill Lynch, John Thain speaks at the Reuters Global Finance Summit in New York November 17, 2009.

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