Bank of America shareholder Barrt Naylor wanted investors to vote on having the bank examine the idea of divesting all of its non-core banking business segments. But the Securities and Exchange Commission has ruled in favor of the bank’s plan to block the item from appearing on the lender’s proxy for its next annual shareholders meeting.
Bank of America shareholder Barrt Naylor wanted investors to vote on having the bank examine the idea of divesting all of its non-core banking business segments. But the Securities and Exchange Commission has ruled in favor of the bank’s plan to block the item from appearing on the lender’s proxy for its next annual shareholders meeting. John D. Simmons jsimmons@charlotteobserver.com
Bank of America shareholder Barrt Naylor wanted investors to vote on having the bank examine the idea of divesting all of its non-core banking business segments. But the Securities and Exchange Commission has ruled in favor of the bank’s plan to block the item from appearing on the lender’s proxy for its next annual shareholders meeting. John D. Simmons jsimmons@charlotteobserver.com
Bank Watch

Bank Watch

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SEC says Bank of America can omit shareholder’s break-up proposal

March 04, 2016 5:33 PM