Ex-BofA Senior Banker Faces DOJ Insider-Trading Probe Over Deal

May 21, 2025, 3:37 PM UTC

A high-ranking Bank of America Corp. dealmaker who lost his job in March in a round of cuts is awaiting his fate on a second front, as the Justice Department sifts evidence in an insider-trading probe.

The US Attorney’s Office in Manhattan has been looking into whether Jason Satsky, who was global head of power, utilities and energy infrastructure investment banking, tipped off someone ahead of an $8 billion takeover announced in 2022, according to people with knowledge of the matter. His group helped advise an energy company that was taken private by an investment firm backed by JPMorgan ...

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