Bank of America launches probe following whistleblower alleging disclosure of confidential information: Report

Bank of America has initiated an internal probe following a whistleblower's claim that its bankers leaked confidential details to investors ahead of a major stock sale in India. The $200 million stake sale involved Aditya Birla Sun Life AMC. While the bank denies the allegations, it is thoroughly investigating the matter.

Sep 9, 2024 - 16:30
Bank of America launches probe following whistleblower alleging disclosure of confidential information: Report
Bank of America has initiated an internal probe following a whistleblower's claim that its bankers leaked confidential details to investors ahead of a major stock sale in India. The $200 million stake sale involved Aditya Birla Sun Life AMC. While the bank denies the allegations, it is thoroughly investigating the matter.