Temasek Dumps Bank of America Stake
Posted on 05/15/2009
Singapore’s Temasek Holdings invested a ton of opportunistic capital in Merrill Lynch and Barclays Plc during the global financial crisis. The Singaporean sovereign fund has dumped its stake in Bank of America Corporation. Temasek had indirectly received shares of Bank of America after it purchased Merrill Lynch. Temasek invested nearly US$ 5.9 billion for a […]
