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Quality Eludes Bank of America.

Authors :
Mollenkamp, Carrick
Oster, Christopher
Source :
Wall Street Journal - Eastern Edition. 3/16/2004, Vol. 243 Issue 52, pC1-C6. 0p. 1 Color Photograph, 1 Graph.
Publication Year :
2004

Abstract

Focuses on Bank of America Corp. (BofA) and its involvement in several recent financial scandals. Amount BofA will pay in fee reductions, disgorgements, restitutions and fines for its role in the mutual-fund scandal; Amount BofA paid to securities regulators who charged the bank with stalling techniques as part of a trading investigation; Focus of the Securities and Exchange Commission (SEC) investigation into BofA's role in the mutual-fund scandal, related to the bank's broker-dealer and clearing operations; Details of e-mail evidence implicating the bank in allowing Edward Stern and his hedge fund, Canary Capital Partners, to participate in improper market timing and illegal late trading after the market had closed.

Details

Language :
English
ISSN :
00999660
Volume :
243
Issue :
52
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
12521056