Story Stocks: Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C), BHP Billiton (NYSE:BHP), Potash (NYSE:POT), Walgreen (NYSE:WAG)

Image by chooyutshing via Flickr The head of U.S. Trust said on Monday there are a lot of misconceptions about the private banking unit of Bank of America (NYSE:BAC) , and that the unit is not for sale. Keith Banks, president of U.S. Trust, said that the unit does not compete with Merrill Lynch’s high net worth business, another business under the Bank of America brand. “We very rarely, if ever, came across Merrill Lynch as a competitor” before Bank of America purchased Merrill, he said. Merrill Lynch’s brokerage business is focused on less-rich investors but also has some super-rich clients, leaving some to question whether… . . . → Full Story: Story Stocks: Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C), BHP Billiton (NYSE:BHP), Potash (NYSE:POT), Walgreen (NYSE:WAG)