Temasek Dumps Bank of America Stake

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 14% stake in Merrill Lynch, hoping to bank on the global franchise pre-crisis.

In a response to reporters and the media, Temasek issued, “We have divested our shares in Bank of America.”

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute

institutional investor investment mandates