It's not a bank run yet, but tons of clients have been calling Merrill Lynch private financial advisers asking if their money is safe, according to Investment News.
The clients might be concerned because the share price of Merrill Lynch's parent company, Bank of America, is down nearly 50% this year as the firm deals with concerns that it is not well enough capitalized to meet the Basel III requirements in 2013.
Those concerns have churned the rumor mill. And apparently, it has been freaking out clients who hold their money in Merrill Lynch and are concerned about what might happen if the firm is the next Lehman Brothers….
http://www.businessinsider.com/merrill-lynch-advisors-are-getting-tons-of-calls-from-clients-asking-if-their-money-is-safe-2011-8
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