Bank of America Hit With Cease-and-Desist Order Over Bank Secrecy Act Deficiencies
Express News | RPT-Bank of America Shares Fall 2.6% After Occ Issues Cease and Desist Order Against Co for BSA Deficiencies (Repeats to Widen Distribution)
Express News | 'OCC Issues Cease and Desist Order Against Bank of America for BSA Deficiencies' - OCC
M&A activity in Japan is heating up, and JPMorgan has hired a former Bank of America executive to oversee its investment banking business in Japan.
As trade activities in Japan continue to increase, JPMorgan has hired Satoshi Shimada from Bank of America to lead its mergers and acquisitions team in Tokyo. A company spokesperson stated that Shimada has recently joined JPMorgan as a Managing Director, overseeing the bank's mergers and acquisitions business in Japan. JPMorgan announced that his predecessor, Koichiro Doi, will serve as Vice Chairman of the Japan mergers and acquisitions business and focus on building relationships with key clients. Driven by government efforts to enhance shareholder value, a weak yen, and low borrowing costs, trade activities in Japan have been surging, leading to more involvement.
Despite Lower Earnings Than a Year Ago, Bank of America (NYSE:BAC) Investors Are up 35% Since Then
Bank of America Options Spot-On: On December 20th, 178.75K Contracts Were Traded, With 3.32 Million Open Interest
