India’s securities officials determined that the bank misled investigators about a 2024 $180 million stock transaction.

SEBI’s “show-cause notice” alleged that members of Bank of America’s deal team shared price-sensitive information with ...

The Bangladesh Bank has instructed banks to ensure that inward remittances sent by expatriate Bangladeshis are credited to ...

Learn to use your Nigerian bank account effectively. Understand account types, fees, transfers, and how to grow and secure ...

A recent fraud case shines a spotlight on the many communication disconnects caused by disjointed software systems common at ...

The Securities and Exchange Board of India (SEBI) has pulled up Bank of America’s Indian securities arm for lapses in ...

As per a Reuters report quoting Wall Street Journal, market regulator SEBI has found that Bank of America had shared confidential information about a $180 million block trade of a stock and misled ...

The report said SEBI had issued a show cause notice to Bank of America in November, alleging that the bank improperly ...

India’s market regulator has accused Bank of America of improperly sharing material nonpublic information related to a major block trade in 2024 and of misleading investigators during a subsequent ...

The regulator claims members of the deal team shared confidential details with employees who were not directly involved in ...

SEBI accuses Bank of America of insider trading violations linked to a 2024 stock sale of Aditya Birla Sun Life AMC.

The transaction at the centre of the Sebi notice was a block sale of shares in Aditya Birla Sun Life Asset Management in 2024. The sale, valued at about $177–180 million, was managed by the investment ...