Bank of America - BankAmerica lent hedge fund D. E. Shaw & Co.

Time: 1997

Place: New York City, New York, U.S.

Details: In 1997, BankAmerica lent hedge fund D. E. Shaw & Co. $1.4 billion in order to run various businesses for the bank. However, D.E. Shaw suffered significant losses after the 1998 Russia bond default.

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