Robert McCann, the former head of Merrill Lynch's brokerage group plans to join UBS, either to head its wealth management unit or for a higher position, CNBC has learned.

During this financial crisis, many Americans turned their collective anger toward Wall Street. Geoffrey Raymond has turned this anger into street art.

Turnover among CEOs dropped 25 percent in September as compared to the same month a year prior, according to a report by Challenger, Gray & Christmas outplacement company.

Chief Risk Officer Greg Curl and Head of Retail Operations Brian Moynihan are the two most likely internal candidates to replace Bank of America CEO Ken Lewis, sources close to the situation told CNBC.

Bank of America board members Chad Gifford and William Boardman are at the top of list to replace CEO Ken Lewis for an interim term of about one year, sources close to the situation told CNBC.

Bank of America spacer board member Donald Powell told CNBC Thursday that finding a successor to Lewis will be orderly and directed toward finding the right person.

In the midst of the "Great Recession," Jordan Goldman  launched a startup that has risen to become one of the largest resources for college information on the Web. CNBC sat down with the young entrepreneur at his New York office and asked him where he got the idea for Unigo.com.

Bob McCann, who ran Merrill Lynch's brokerage divison before the buyout by Bank of America, may take the place of Robert Wolf as the head of UBS America, according to sources within UBS.

Bank of America CEO Ken Lewis won't resign if he is slapped with civil charges from New York Attorney General Andrew Cuomo, but he's likely to leave if he is charged by the Securities and Exchange Commission, sources inside the Bank have told CNBC.

Northrop Grumman Chairman and CEO Ronald Sugar is retiring at the end of the year.

The New York Attorney General's office has subpoenaed five members of Bank of America's directors as part of an investigation into the bank's acquisition of Merrill Lynch, according to a person familiar with the investigation.

A federal judge on Monday rejected a $33 million settlement between the Securities and Exchange Commission and Bank of America, saying the SEC's accusations of inadequate disclosure by the bank over bonuses paid at Merrill Lynch must now go to trial.

The government has lost momentum on financial reforms and needs to figure out how to prevent a potential collapse of the financial system, Morgan Stanley CEO John Mack told CNBC Friday.