Bank of America
on Tuesday announced the departure of two veteran members of the
Richard Bernstein, a longtime equity strategist and David Rosenberg, a top economist, will leave the firm "over the next two months," according to an internal memo from Candace Browning, president of BAS-ML Global Research. Both men were highly visible members of the research department, as Wall Street "macro" thinkers tend to be, because they tend to talk about important but inoffensive and impersonal things like Treasury yields and global fund flows.
The executives are the latest in a long line of senior Merrill Lynch executives to leave Bank of America following the combination of the two institutions, which closed at the start of the year.