Three Bank of America India Investment Bankers Reportedly Leave Amid Information Leak Probe-December 2024-www.financetom.com

Three Bank of America India Investment Bankers Reportedly Leave Amid Information Leak Probe

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Three Bank of America India Investment Bankers Reportedly Leave Amid Information Leak Probe

Nov 25, 2024 5:53 AM

08:43 AM EST, 11/25/2024 (MT Newswires) -- Three Bank of America ( BAC ) investment bankers in India have left the company amid an investigation into whether certain investors were tipped off about upcoming secondary offerings, media outlets reported.

In September. the Wall Street Journal reported that Bank of America ( BAC ) was investigating a whistleblower complaint alleging that the bank shared non-public information with some investors before it sold roughly $200 million worth of stock in India.

Bank of America ( BAC ) did not immediately respond to MT Newswires' request for comment.

Previous page： --Fifth Third Bancorp Maintains Dividend at $0.35 Per Share; Payable April 15 to Shareholders of Record on March 28 Next page： Berkshire Hathaway speeds up stock buybacks

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

--Fifth Third Bancorp Maintains Dividend at $0.35 Per Share; Payable April 15 to Shareholders of Record on March 28

Mar 18, 2024

02:47 PM EDT, 03/18/2024 (MT Newswires) -- Price: 35.59, Change: +0.34, Percent Change: +0.98 ...

Berkshire Hathaway speeds up stock buybacks

Mar 18, 2024

(Reuters) - Berkshire Hathaway ( BRK/A ) has increased its pace of repurchasing its own shares, a sign that longtime Chairman Warren Buffett considers them undervalued and a good place to spend excess cash. In its proxy filing on Friday, Berkshire said it repurchased the equivalent of 3,808 Class A shares this year through March 6, spending approximately $2.2 billion...

Buckle's Fiscal 2024 Earnings to Remain Under Pressure, UBS Says; Sell Rating Reiterated

Mar 18, 2024

02:57 PM EDT, 03/18/2024 (MT Newswires) -- Buckle's (BKE) earnings probably will remain under pressure in fiscal 2024 because of weak sales, UBS Securities said Monday in a report. Based on the company's Q4 comparable store sales figures and February revenue trends, challenges will persist, and fiscal-year earnings per share may fall 13% from a year earlier. We think underperformance...

Berkshire Hathaway speeds up stock buybacks

Mar 18, 2024

March 18 (Reuters) - Berkshire Hathaway ( BRK/A ) has increased its pace of repurchasing its own shares, a sign that longtime Chairman Warren Buffett considers them undervalued and a good place to spend excess cash. In its proxy filing on Friday, Berkshire said it repurchased the equivalent of 3,808 Class A shares this year through March 6, spending approximately...