In a development likely to spark debate over the risks of fund management for banks, BankAmerica Corp. has pumped millions into a proprietary mutual fund to stanch losses.

The San Francisco-based banking company is the first bank to join the handful of mutual fund companies that have propped up portfolios in recent months.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.