Three Bank of America India Investment Bankers Reportedly Leave Amid Information Leak Probe
MT Newswires Live11-25 21:43
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 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 did not immediately respond to MT Newswires' request for comment.
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