Bank of America Tightened Block Trade Rules After Esprit Deal

Bank of America Corp. adopted new block‑trade guidelines months after a deal now at the center of a criminal trial involving a well-known hedge fund, a Hong Kong court heard...

By Julia Fioretti, Bei Hu, Kiuyan Wong · Bloomberg Markets

Bank of America Corp. adopted new block‑trade guidelines months after a deal now at the center of a criminal trial involving a well-known hedge fund, a Hong Kong court heard Monday.