The more than $113 billion New York City Pension Funds have been granted right of passage by the Securities and Exchange Commission (SEC) to present a foreclosure request on big bank shareholder ballots.
Shortly, some of the nation’s largest financial institutions, Bank of America (BofA), Citigroup, JPMorgan Chase, and Wells Fargo, will meet at their annual spring meeting. They will now have to leave a shareholder ballot slot open for the pension fund inquiry, however.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access