Three BofA bankers in India leave over alleged client tips, FT reports

(Reuters) – Bank of America’s co-head of investment banking in India and two other bankers have left the company amid an investigation into wrongdoing allegations, the Financial Times reported on Thursday, citing three people familiar with the matter.

The internal investigation was launched earlier this year and is scrutinizing wether BofA and bankers at its Asian investment banking arm shared nonpublic information with certain investors ahead of upcoming secondary stock offerings, the report said.

BofA did not immediately respond to a Reuters request for comment.