BofA Set to Rebuild India Deal Team Post Probe, Resignations (1)

Bank of America Corp. is rebuilding its India investment banking team after a string of senior resignations and scrutiny over share sales rocked its local operations last year, according to people familiar with the matter.

The Wall Street firm is in talks with senior bankers at rival firms to fill key deal advisory roles, including the head of its capital markets business, the people said, asking not to be identified discussing private information. The replacements were on hold earlier as the bank reviewed its internal processes following alleged violations of share sales regulations.

The US bank is now looking to ...