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Bank of America insiders sold US$4.1 million in stock over the past year, raising concerns among investors. The largest sale was by Bernard Mensah, who sold US$3.7 million worth of shares at approximately US$39.81 each, indicating potential caution as no insiders purchased shares during this period. Despite insiders owning about US$518 million in stock, the lack of buying activity may suggest a lack of confidence in the company's valuation.
Bank of America has doubled its banking team in Switzerland, capitalizing on opportunities following the collapse of Credit Suisse. CEO Brian Moynihan noted the rapid expansion aims to serve both small and international Swiss businesses amid a backdrop of stricter banking regulations. Other foreign banks are also increasing their presence in the Swiss market as the government pushes for higher capital requirements for major players like UBS.
Bank of America has doubled its banking team in Switzerland, capitalizing on opportunities following the collapse of Credit Suisse. CEO Brian Moynihan noted the rapid expansion aims to serve a range of Swiss businesses, as the government plans stricter capital requirements for major banks, including UBS.
Bernard Mensah
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bank of america insiders sell 4.1 million dollars in stock raising concerns
14:00 29.03.2025
Bank of America expands Swiss banking team amid Credit Suisse fallout
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18:20 12.02.2025
Bank of America expands banking team in Switzerland after Credit Suisse collapse
18:20 12.02.2025
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