NEW YORK - OCTOBER 1: Honoree and recipient of the 'Champions Of The Millennium Goals' President & COO of Merrill Lynch Gregory Fleming attends 2008 Global Leadership Awards gala at The Waldorf-Astoria Hotel October 1, 2008 in New York City. Getty Images logo Getty Images 14 months ago

NEW YORK - OCTOBER 1: Honoree and recipient of the 'Champions Of The Millennium Goals' President & COO of Merrill Lynch Gregory Fleming attends 2008 Global Leadership Awards gala at The Waldorf-Astoria Hotel October 1, 2008 in New York City.

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  1. 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.
  2. 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.
  3. 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.
  4. Bank of America-Merrill Lynch country head Kevan Watts speaks during Reuters India Investment Summit in Mumbai November 23, 2009.
  5. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November 17, 2009.
  6. Former chief executive of Merrill Lynch, John Thain speaks at the Reuters Global Finance Summit in New York November 17, 2009.
  7. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November17, 2009.
  8. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November17, 2009.
  9. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November 17, 2009.
  10. Thomas May, member of the Bank of America Board of Directors, testifies during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee on November 17, 2009 on Capitol Hill in Washington, DC. The hearing is to examine how the merger of Bank of American and Merrill Lynch had turned into a federal bailout.
  11. Brian Moynihan, president of consumer and small business banking at the Bank of America Corporation, testifies during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee on November 17, 2009 on Capitol Hill in Washington, DC. The hearing is to examine how the merger of Bank of American and Merrill Lynch had turned into a federal bailout.
  12. (L-R) Brian Moynihan, president of consumer and small business banking at the Bank of America Corporation, Charles 'Chad' Gifford, member of the Bank of America Board of Directors, and Thomas May, member of the Bank of America Board of Directors testify during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee on November 17, 2009 on Capitol Hill in Washington, DC. The hearing is to examine how the merger of Bank of American and Merrill Lynch had turned into a federal bailout.
  13. US. Rep.Darrell Issa (L), Ranking Member and Rep. Edolphus Towns (R), Chairman make opening remarks during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee on November 17, 2009 on Capitol Hill in Washington, DC. The hearing is to examine how the merger of Bank of American and Merrill Lynch had turned into a federal bailout.
  14. US. Rep.Darrell Issa (L), Ranking Member, and Rep. Edolphus Towns (R), Chairman, listen to testimony during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee on November 17, 2009 on Capitol Hill in Washington. The hearing is to examine how the merger of Bank of America and Merrill Lynch had turned into a federal bailout.
  15. WASHINGTON - NOVEMBER 17: Thomas May, member of the Bank of America Board of Directors, testifies during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee November 17, 2009 on Capitol Hill in Washington, DC. The hearing was to examine how the merger of Bank of American and Merrill Lynch had turned into a federal bailout.
  16. WASHINGTON - NOVEMBER 17: U.S. Rep. Joseph Cao (R-LA) reads documents during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee November 17, 2009 on Capitol Hill in Washington, DC. The hearing was to examine how the merger of Bank of American and Merrill Lynch had turned into a federal bailout.

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  2. SUNRISE, FL - NOVEMBER 27: Alexei Ponikarovsky #23 of the Toronto Maple Leafs scores a goal past Goaltender Tomas Vokoun #29 of the Florida Panthers in the second period on November 27, 2009 at the BankAtlantic Center in Sunrise, Florida.
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  7. An H-2A rocket carrying a spy satellite lifted off from a space center on the southern island of Tanegashima, on Saturday Nov. 28, 2009. Japan launched its fifth spy satellite Saturday in a bid to boost its ability to independently gather intelligence, the government said.
  8. A passenger from a crashed train arrives at Moskovsky train station in St. Petersburg November 28, 2009. The crash of a luxury train in Russia killed 25 people and injured up to 63 more, an official said on Saturday, and sources suggested it may have been an act of terrorism. Several carriages of the Nevsky Express travelling from Moscow to St Petersburg were derailed on Friday near the town of Bologoye, 350 km (200 miles) from Moscow.
  9. Paramedic provides help to a passenger at Moskovsky train station after train derailment in St. Petersburg, Russia, early Saturday, Nov. 28, 2009. An express train carrying hundreds of passengers from Moscow to St. Petersburg derailed late Friday, killing at least 23 people and injuring dozens of others, emergency officials said.
  10. Passengers arrive to Moskovsky train station after train derailment in St. Petersburg, Russia, early Saturday, Nov. 28, 2009. An express train carrying hundreds of passengers from Moscow to St. Petersburg derailed late Friday, killing at least 23 people and injuring dozens of others, emergency officials said.
  11. Paramedic provides help to a passenger at Moskovsky train station after train derailment in St. Petersburg, Russia, early Saturday, Nov. 28, 2009. An express train carrying hundreds of passengers from Moscow to St. Petersburg derailed late Friday, killing at least 23 people and injuring dozens of others, emergency officials said.
  12. Passengers from a crashed train arrive at Moskovsky train station in St. Petersburg November 28, 2009. The crash of a luxury train in Russia killed 25 people and injured up to 63 more, an official said on Saturday, and sources suggested it may have been an act of terrorism. Several carriages of the Nevsky Express travelling from Moscow to St Petersburg were derailed on Friday near the town of Bologoye, 350 km (200 miles) from Moscow.
  13. DUNEDIN, NEW ZEALAND - NOVEMBER 28: Peter Fulton and Shane Bond of New Zealand celebrate the wicket of Fawad Alam of Pakistan during day five of the First Test match between New Zealand and Pakistan at the University Oval on November 28, 2009 in Dunedin, New Zealand.
  14. DUNEDIN, NEW ZEALAND - NOVEMBER 28: Umar Akmal of Pakistan cuts during day five of the First Test match between New Zealand and Pakistan at the University Oval on November 28, 2009 in Dunedin, New Zealand.
  15. DUNEDIN, NEW ZEALAND - NOVEMBER 28: Shane Bond of New Zealand bowls during day five of the First Test match between New Zealand and Pakistan at the University Oval on November 28, 2009 in Dunedin, New Zealand.
  16. DUNEDIN, NEW ZEALAND - NOVEMBER 28: Chris Martin of New Zealand runs into bowl during day five of the First Test match between New Zealand and Pakistan at the University Oval on November 28, 2009 in Dunedin, New Zealand.