Bank of America Securities' offerings since 1998 are down 25 percent.

Mr. France at Banc of America Securities is also gloomy.

Officials at Banc of America Securities insist that the situation is an aberration.

Are you listening, Banc of America Securities?

His father is a managing director for bond sales in Charlotte with Banc of America Securities.

But in late 2000, he landed his dream job as a computer systems engineer for Banc of America Securities, and moved to Boston.

Tom Ostrander is joining Banc of America Securities as a managing director in its global industries group.

McSweeney worked for Banc of America Securities until April 2005.

Banc of America Securities merged with Merrill Lynch after that firm's acquisition in 2008.

Mickey Levy, the chief economist at Banc of America Securities, said he expected financial stocks to continue to gain.