When my father passed away in 2007 he had stock in Merrill Lynch. I was in charge of getting ALL his assests together even though my brother in Indiana had Power of Attorney, but I live here where my father lived. Anyway when I called Merrill Lynch to close out his stock the woman there told me “Whatever you do, DON’T PUT IT IN JP MORGAN BANK” I told her I had no intention to do so. I have often wondered what she knew at that time.
I DO NOT like Merrill Lynch now since BANK OF AMERICA took over.
We used to have a local bank here that we banked at for years.
They sold out to Chase.
So, we could either go with Wells Fargo or Bank of America.
We stayed with Chase, never had a problem.
Wells Fargo robbed our daughter and her hubby of $20,000 recently, they have been fighting to get it back.
I have read articles about this happening to others.
Never did like Bank of America for various reasons.