Three BofA lenders in India depart over claimed buyer concepts, toes stories

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(Reuters) – Bank of America’s co-head of monetary funding monetary in India and a couple of numerous different lenders have truly left the agency amidst an examination proper into misdeed claims, the Financial Times reported on Thursday, declaring 3 people accustomed to the difficulty.

The inside examination was launched beforehand this 12 months and is inspecting wether BofA and lenders at its Asian monetary funding monetary arm shared nonpublic particulars with explicit financiers upfront of upcoming second provide choices, the file claimed.

BofA didn’t rapidly react to a Reuters ask for comment.

(Reporting by Niket Nishant in Bengaluru; Editing by Alan Barona)



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