Tag Archives: public-offering


Bank of America Sells Hedge-Fund Unit to BNP for $300 Million

June 12, 2008 : Permalink

Bloomberg- Bank of America Corp. agreed to sell its prime brokerage unit that serves hedge funds to BNP Paribas SA, France’s biggest bank, for as much as $300 million after profit at its investment bank tumbled. BNP Paribas’s purchase price […]

Merrill Lynch Probes Trading Desk

May 27, 2008 : Permalink

Bloomberg – Merrill Lynch & Co., the third- largest U.S. securities firm, is probing one of its trading desks in London and has suspended a trader after discovering he may have overstated the value of some of the bank’s equity […]