Times of India

Banker allegedly tipped friend about $8.1bn takeover; friend made $18.5m

Banker allegedly tipped friend about $8.1bn takeover; friend made $18.5mWorldPing

A former Bank of America investment banker has been accused by the SEC of tipping a longtime friend about a confidential $8.1 billion South Jersey Industries takeover. The friend allegedly bought $53 million worth of shares and made $18.

This is a short WorldPing brief. The full report was published by Times of India.

Read the full report at Times of India

Related news

What to know about French astronaut Sophie Adenot's second spacewalkWorldPing
France 24

What to know about French astronaut Sophie Adenot's second spacewalk

French astronaut Sophie Adenot is exiting the International Space Station for the second time in just a week. The rare double occurrence is taking place as astronauts on the ISS are looking to finish repairs on their ship.

Brief by WorldPing · Original reporting by France 24