Hibernia Pension Fund Lost $6.5 Million on Bank's Stock

Hibernia Corp. disclosed that its employee pension fund took a $6.5 million hit in 1990 as a result of investments in the New Orleans-based company's own common stock.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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