Bank of America Corp (BAC.N) has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about mortgage securities it structured and sold. Thursday’s settlement marks the latest enforcement action against Wall Street banks over the marketing of collateralized debt […]
Tag: Investors
Investors approve FBN Heritage Fund’s dividend payment
Unit holders of FBN Heritage Fund on Tuesday approved a dividend payment of N10 per unit holding by the Fund for the year ended March 31, 2013. The unit holders gave the approval at the fifth Annual General Meeting of the FBN Heritage Fund in Lagos. The payment marks […]
SAC agrees to sell reinsurance business to investor group
A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business. The deal for Bermuda-based SAC Re Ltd. is expected to close in December, a spokesman representing Duperreault and the investor group said on […]
