Philippine Long Distance Telephone Co., the country's biggest telecommunications company, said third quarter profit rose 49 percent, buoyed by earnings from its stake in a power company.

Robert McCann, the former head of Merrill Lynch's brokerage unit, was named the head of UBS's private client group.

In the past two years, powerful figures in both Washington and Wall Street became household names as the crisis deepened, markets and corporations struggled to survive and the federal government took drastic steps to save the economy. Whether they had a crucial hand in the crisis or were simply in the wrong place at the wrong time may not be clear for years.  Now, one year after the roughest stretch for the U.S. economy since the Great Depression, these financial titans have either stepped out of the spotlight or come to the end of their careers, voluntarily or not.  So where they now? Click ahead to find out!

The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and traders. But their willingness to deliver “thank you” gifts to President Obama and the Democrats is another question altogether.

Asset manager BlackRock Tuesday reported quarterly earnings rose a stronger than forecast 46 percent as more risk-tolerant clients shifted their investments to higher-margin products like stock and bond funds.

Merrill Lynch's brokerage, the "crown jewel" that lured Bank of America's chief executive into a takeover that ultimately cost him his job, is showing signs of a revival.

There, now do we feel better?  I sure hope so, now that President Obama’s finger-wagging pay czar has intimidated Bank of America’s much-maligned chief, Kenneth D. Lewis, into giving up all compensation for this year.

Bank of America executives met today with several government entities in the continuing investigation of what the bank disclosed about losses and bonuses at Merrill Lynch when it acquired the brokerage giant late last year, CNBC has learned.

Bank of America posted a wider-than-expected third-quarter loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes, sending its shares down 4.5 percent.

Concluding that some of the nation’s biggest banks are in good enough shape to raise capital from private investors, senior Treasury officials would like more of them to repay billions of dollars in taxpayer money that bailed them out over the last year.

E-mail messages from Bank of America reveal formerly secret discussions about its ill-fated merger with Merrill Lynch.

The Securities and Exchange Commission has entered an agreement with Bank of America over the disclosure of information in the Merrill Lynch bonuses case, the SEC said Tuesday.

Bank of America has agreed to hand over to investigators documents  related to its purchase of Merrill Lynch, CNBC has confirmed.

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.

As the Obama administration’s pay czar, Kenneth R. Feinberg, contemplates curbing compensation for the top 100 executives at each of the seven companies that received big bailouts — including Bank of America — the Merrill Lynch experience raises some sobering questions.